Minnesota vs Florida

Household income

Currently in

Moving to

Your $100,000 in Minnesota is worth

$101,420

at national prices · RPP 98.6BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

The same income in Florida is worth

$96,712

at national prices · RPP 103.4BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

Your income goes −$4,708 less far in Florida (−4.6% purchasing power).

Show the math

adjusted = income ÷ (RPP ÷ 100)

Minnesota: $100,000 ÷ (98.6 ÷ 100) = $101,420

Florida: $100,000 ÷ (103.4 ÷ 100) = $96,712

difference: $96,712 − $101,420 = −$4,708

Where the difference comes from

Price level by component, 100 = US average. Higher means more expensive.

Regional price parity by component for the two states, with the percentage difference.
Component	Minnesota	Florida	Difference
All items	98.6	103.4	+4.9%
Housing rents	91.3	122.1	+33.7%
Goods	100.5	98.1	−2.4%
Utilities	90.8	90.1	−0.8%
Other services	100.2	101.3	+1.1%

BEA Regional Price Parities · SARPP · 2024 · rel. February 2026 · Official API

Housing reality check

Typical rent and home price in each state — tangible context beyond the index.

MinnesotaMedian rent$1,280/moMedian home$329,300

FloridaMedian rent$1,669/moMedian home$359,000

US Census ACS 5-Year Estimates · ACS5 · 2024 · rel. December 2025 · Official API

Tax at a glance

Hand-curated, tax year 2026 · verified 2026-07-20

Income and sales tax for the two states.
Tax	Minnesota	Florida
Income tax (top rate)	9.85%	None
Sales tax (combined avg)	8.14%	6.98%

Tax Foundation (income & sales) · Tax · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20

Official API Manually maintained2 of 3 metrics sourced from official APIs, 1 manually maintained. How every number is calculated →

Minnesota vs Florida: the read

The bottom line

Move a $100,000 income from Minnesota to Florida and its purchasing power changes from $101,420 to $96,712 in national-average terms — a loss of $4,708. Minnesota is the cheaper of the two, running at 98.6 on the price index versus 103.4.

Where the difference comes from

The widest gap is housing rents: Minnesota sits at 91.3 and Florida at 122.1 (100 = national). Minnesota has the edge there, and it's the main reason the two states diverge.

Housing

Median rent runs $1,280 in Minnesota against $1,669 in Florida, and the typical home $329,300 versus $359,000. Minnesota is the more affordable place to buy.

Taxes

On tax, Minnesota has 9.85% top income tax and a combined sales tax of 8.14%; Florida has no wage income tax and 6.98%. That income-tax difference can outweigh a chunk of the cost-of-living gap for higher earners.

Full profiles: Minnesota ·Florida. Every figure here is sourced on the pages linked above.

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