Minneapolis vs Henderson
Side-by-side cost of living comparison for 2026
Minneapolis
Henderson
💡 The Verdict
Minneapolis and Henderson have very similar costs of living, with less than a 3% difference overall.
Category-by-Category Breakdown
Index values shown. National average = 100. Lower is cheaper.
💰 Salary Equivalence
To maintain the same standard of living:
See exact take-home pay: Minnesota salaries · Nevada salaries
Living in Minneapolis vs Henderson
Housing is typically the biggest factor in any cost-of-living comparison. Minneapolis has a housing index of 112 while Henderson sits at 118 (national average = 100). The median home in Minneapolis costs $310,000 compared to $420,000 in Henderson, a difference of $110,000. Monthly rent follows a similar pattern: $1,500 in Minneapolis versus $1,500 in Henderson.
Groceries and everyday expenses show a narrower gap: Minneapolis scores 104 while Henderson scores 102. Both cities are close to the national average for grocery costs.
Healthcare costs in Minneapolis (105) are higher than Henderson (96). Both are close to the national average.
Median household income in Minneapolis is $64,285 compared to $72,238 in Henderson. When adjusted for cost of living, purchasing power is similar in both cities.
Relocating: Minneapolis vs Henderson
If you are considering a move between Minneapolis (index: 106) and Henderson (index: 108), the 2% cost difference has real implications for your budget. Minneapolis is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.
Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Minneapolis can afford $1,500/month, while the median household in Henderson can afford $1,686/month. With median homes at $310,000 in Minneapolis versus $420,000 in Henderson, homeownership requires above-median income in the pricier market.
Renting vs buying: At $1,500/month in Minneapolis and $1,500/month in Henderson, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.
Income adjustment: A $75,000 salary goes about equally far in both cities. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.
Reading These Numbers: Minneapolis (106) vs Henderson (108)
The cost of living index uses 100 as the national average. Minneapolis at 106 is 6% above the US average, while Henderson at 108 is 8% above average. Both cities are close to the national average in overall costs.
The overall index is a weighted average of housing (the largest component), groceries, utilities, transportation, and healthcare. Housing typically drives the biggest differences between cities. Even when two cities have similar overall indices, their category-level costs can vary significantly — one city might have expensive housing but cheap groceries, while another is the reverse. Check the category breakdown above for the full picture.
For renters: With median rents of $1,500/month in Minneapolis and $1,500/month in Henderson, the annual rent difference is approximately $0. Over a 5-year period, that compounds to $0 in savings by choosing the more affordable city.
For homebuyers: The $110,000 difference in median home prices between Minneapolis and Henderson translates to roughly $6,600 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
🔗 Related Tools
📚 Moving & Relocation Resources
Amazon affiliate links