City comparison
Minneapolis vs Toronto
Minneapolis scores higher on salary; Minneapolis has a lower cost of living. Compare Minneapolis and Toronto on earnings, rent pressure, career opportunity, and 3-year financial impact.
Overall verdict
Minneapolis scores higher overall
Toronto would cost you meaningfully more to live in
How they compare
If you want to save more
MinneapolisOverall fitToronto
72 / 53+19 Minneapolis
MinneapolisSavingsToronto
72 / 46+26 Minneapolis
MinneapolisCareerToronto
74 / 69+5 Minneapolis
MinneapolisLow pressureToronto
71 / 59+12 Minneapolis
If you want career growth
MinneapolisOverall fitToronto
73 / 62+11 Minneapolis
MinneapolisSavingsToronto
72 / 46+26 Minneapolis
MinneapolisCareerToronto
74 / 69+5 Minneapolis
MinneapolisLow pressureToronto
71 / 59+12 Minneapolis
If you want better balance
MinneapolisOverall fitToronto
70 / 64+6 Minneapolis
MinneapolisSavingsToronto
72 / 46+26 Minneapolis
MinneapolisCareerToronto
74 / 69+5 Minneapolis
MinneapolisLow pressureToronto
71 / 59+12 Minneapolis
Financial impact: moving from Minneapolis to Toronto
Based on a representative $80,000 USD salary. Not tax-adjusted.
-$2,491
Monthly
-$29,892
1 year
-$89,676
3 years
Moving from Minneapolis to Toronto: trade-offs
You gain
+Better quality of life — Toronto scores higher on lifestyle and liveability
You lose
−Weaker savings potential — Toronto is 26 points lower on savings capacity
−-$2,491/mo estimated net reduction — $29,892 over the first year
−Higher cost pressure — rent will consume a larger share of your income
Minneapolis
USSalary index
78
Cost index
54
Rent pressure
29
Opportunity
72
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Also see: Toronto vs Minneapolis →