Tampa vs Minneapolis: Cost of Living & Housing Comparison
On median home value, Tampa comes in at $333,200 — 1% higher than Minneapolis, where the median is $328,700.
Tampa's median household income runs $66,802, against $76,332 in Minneapolis.
Tampa's median rent sits at $1,422, against $1,267 in Minneapolis.
FEMA rates both cities' overall hazard risk as "Relatively High."
| Metric | Tampa, FL | Minneapolis, MN |
|---|---|---|
| Population | 388,768 | 426,877 |
| Median home value | $333,200 | $328,700 |
| Median household income | $66,802 | $76,332 |
| Median gross rent | $1,422 | $1,267 |
| Climate risk (FEMA) | Relatively High | Relatively High |
Minneapolis, MN beats Tampa, FL on both housing metrics we track — home value and rent — though this doesn't capture the full cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.