Minneapolis vs Charlotte: Cost of Living & Housing Comparison
On median home value, Minneapolis comes in at $328,700 — 5% higher than Charlotte, where the median is $312,800.
Households earn a median $76,332 in Minneapolis, compared with $74,070 in Charlotte.
Median rent is $1,267 in Minneapolis, compared with $1,399 in Charlotte.
Climate risk is a wash here — both cities carry a "Relatively High" FEMA rating.
| Metric | Minneapolis, MN | Charlotte, NC |
|---|---|---|
| Population | 426,877 | 875,045 |
| Median home value | $328,700 | $312,800 |
| Median household income | $76,332 | $74,070 |
| Median gross rent | $1,267 | $1,399 |
| Climate risk (FEMA) | Relatively High | Relatively High |
Home value and rent point in different directions here: Charlotte, NC has the edge on home value, Minneapolis, MN on rent.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.