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๐Ÿ’ก Smart Analysis

Comparing Minneapolis and New York: Average gross pay is 14% higher in New York. Cost of living is 22% cheaper in Minneapolis. With higher take-home and lower expenses, Minneapolis is a more financially comfortable place to live with an affordability score of 6.6/10 compared to 5.8/10.

Category Comparison
๐Ÿ‡บ๐Ÿ‡ธ
Minneapolis
๐Ÿ‡บ๐Ÿ‡ธ
New York

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
$109,000/yr
$124,000/yr
HIGHER
Junior Developer Pay
$65,000
$71,000
Mid-Level Developer Pay
$95,000
$105,000
Senior Developer Pay
$141,000
$153,000
Lead / Architect Pay
$175,000
$190,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
$1,700
$3,500
Rent โ€” Suburbs (1 Bed)
$1,080
$2,200
Groceries (Monthly)
$485
$600
Public Transport Pass
$82
$130
Utilities (Electricity, Internet)
$232
$300
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
$3,755/mo
CHEAPER
$4,835/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
9%
25%
Social Security Deduction
8%
8%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
$5,779/mo
$5,862/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
6.6
MORE AFFORDABLE
5.8
Monthly Savings Potential
Money left over after all standard cost of living expenses
$2,024/mo
$1,027/mo
Months to Save $10,000
~5 months
~10 months
๐Ÿ‡บ๐Ÿ‡ธ Complete Minneapolis Breakdown & Charts โ†’ ๐Ÿ‡บ๐Ÿ‡ธ Complete New York Breakdown & Charts โ†’