Minneapolis vs Nashville: Cost of Living & Housing Comparison
Median home value runs $328,700 in Minneapolis, 6% lower than the $351,400 median in Nashville-Davidson metropolitan government (balance).
Median household income is $76,332 in Minneapolis versus $71,328 in Nashville-Davidson metropolitan government (balance).
Renters pay a median $1,267 in Minneapolis versus $1,392 in Nashville-Davidson metropolitan government (balance).
FEMA's National Risk Index puts both cities at "Relatively High" for overall natural-hazard risk.
| Metric | Minneapolis, MN | Nashville-Davidson metropolitan government (balance), TN |
|---|---|---|
| Population | 426,877 | 684,103 |
| Median home value | $328,700 | $351,400 |
| Median household income | $76,332 | $71,328 |
| Median gross rent | $1,267 | $1,392 |
| Climate risk (FEMA) | Relatively High | Relatively High |
Both home values and rent run lower in Minneapolis, MN than in Nashville-Davidson metropolitan government (balance), TN, making it the more affordable of the two on housing alone.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.