Minneapolis vs Dallas: Cost of Living & Housing Comparison
Minneapolis's homes carry a median value of $328,700, which is 21% higher than the $270,700 median value in Dallas.
Income differs between the two: $76,332 at the median in Minneapolis, $63,985 in Dallas.
Renters pay a median $1,267 in Minneapolis versus $1,305 in Dallas.
Natural-hazard risk differs here: FEMA rates Dallas Very High and Minneapolis Relatively High.
| Metric | Minneapolis, MN | Dallas, TX |
|---|---|---|
| Population | 426,877 | 1,300,642 |
| Median home value | $328,700 | $270,700 |
| Median household income | $76,332 | $63,985 |
| Median gross rent | $1,267 | $1,305 |
| Climate risk (FEMA) | Relatively High | Very High |
Housing affordability depends on which metric matters more to you: Dallas, TX leads on home value, Minneapolis, MN leads on rent.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.