Comparison Highlights
| Cost of Living Indexes | Phoenix, AZ | Minneapolis, MN |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 108.7 | 105 |
| Food & Groceries | 97.3 | 101.2 |
| Housing (Homeowner) | 103.5 | 117.1 |
| Median Home Cost | $346,100 | $330,700 |
Is it cheaper to live in Minnesota or Arizona?
The cost of living in Phoenix, AZ is -8.7% lower than in Minneapolis, MN. You would have to earn a salary of $54,802 to maintain your current standard of living. Employers in Phoenix, AZ typically pay -7.3% less than employers in Minneapolis, MN.
Is Phoenix cheaper than Minneapolis?
Phoenix is 2.6% less expensive than Minneapolis. Phoenix housing costs are 11.6% less expensive than Minneapolis housing costs. Health related expenses are 17.5% more in Phoenix.
How much do you need to live comfortably in Arizona?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $29,984 | $64,407 |
| Annual taxes | $6,268 | $14,253 |
| Required annual income before taxes | $36,252 | $78,660 |
How much does it cost to move from Minnesota to Arizona?
How much does it cost to move from Minneapolis, MN to Arizona?
| Move Size | Moving Company | Moving Container |
|---|---|---|
| Studio / 1 Bedroom | $1,477 – $5,840 | $1,314 – $2,429 |
| 2 – 3 bedrooms | $3,545 – $8,050 | $2,442 – $3,650 |
| 4+ bedrooms | $6,288 – $11,350 | $3,273 – $4,573 |
Is Minnesota expensive to live?
With an average living cost of $55,061.78 per year, the costs of living in Minnesota are significantly cheaper compared to the national average.
How much do you need to make to live in Minnesota?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $30,895 | $56,992 |
| Annual taxes | $8,089 | $14,922 |
| Required annual income before taxes | $38,984 | $71,914 |
Is Phoenix bigger than Minneapolis?
Phoenix (1,321,045) is bigger than: San Diego (1,223,400), Dallas (1,188,580), and San Antonio (1,144,646). Mesa (396,375) is bigger than: Minneapolis (382,618), St.
Are taxes high in Arizona?
Arizona has a 4.90 percent corporate income tax rate, a 5.60 percent state sales tax rate, a max local sales tax rate of 5.60 percent, and a 8.40 percent combined state and local sales tax rate. Arizona’s tax system ranks 23rd overall on our 2022 State Business Tax Climate Index.
What is minimum wage in AZ?
(Arizona’s minimum wage currently is $12.80 per hour.) But there is more to the Tucson ordinance than just a pay increase for minimum wage workers. The ordinance also creates a host of other employer requirements unrelated to the minimum wage that substantially affects the employer-employee relationship.
Which part of Arizona is the best to live in?
The Best Places to Live in Arizona (2022)
- Chandler.
- Paradise Valley.
- Flagstaff.
- Oro Valley.
- Litchfield Park.
- Cave Creek.
- Queen Creek.
- Catalina Foothills.
How much does it cost to move from Minneapolis to Phoenix?
$1,200 to $8,050
Quick Answer: The cost to move from Minneapolis, MN to Phoenix, AZ averages from $1,200 to $8,050 depending on how much you’re moving, your move date, and whether you hire a company or do the move yourself. Hiring movers will be on the more expensive side.
How long does it take to ship a pod across country?
How long does a cross country move take? The average time it takes to complete a long distance move is between 10 and 14 days, but you can receive your shipment in as little as 3 days or as long as 3 weeks or more. # A moving truck driver typically covers about 400-500 miles a day.
How much is it to move across the country?
Moving can be a stressful experience, but moving across the country is an even more challenging extensive process. The cost for a cross-country move with a professional moving company can range anywhere from $1,500 to $15,000.
What is a good salary for a single person in Minnesota?
$48,214 is the 25th percentile. Salaries below this are outliers. $73,051 is the 75th percentile.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is the cheapest place to live in Minnesota?
The 5 Most Affordable Cities in Minnesota
- Rochester.
- Owatonna.
- Hastings. Known as a “river town” due to its proximity to the Mississippi, Vermillion and St.
- Woodbury. A St.
- Mankato. Mostly located in the wistfully named Blue Earth County, Mankato is a popular place to call home.
What is a comfortable salary in MN?
$29,295 is the 25th percentile. Salaries below this are outliers. $65,662 is the 90th percentile.
What salary is considered middle class in Minnesota?
MIDDLE CLASS STATS
In order to be considered middle class in Minnesota: 2 member families income: Approximately $50,200 -$150,000. 3 member families income: Approximately $60,800 – $182,000. 4 member families income: Approximately $73,000 – $217,500.
What is considered low income in MN?
2020 Income Limits (Minneapolis-St. Paul-Bloomington, MN)
| Income/Category | 1 Person | 2 Person |
|---|---|---|
| Extremely Low Income | $21,700 | $24,800 |
| Very Low Income | $36,200 | $41,400 |
| Low Income | $54,950 | $62,800 |
What’s it like living in Arizona?
Besides the great weather, the stunning landscape, endless activities and the chance you’ll spot an alien aircraft… Arizona’s economy is outlandishly strong. And, coupled with a low cost of living makes Arizona a great state for young professionals looking to get their start or retirees looking to settle down.