Everything You Should Know Before Moving to Minneapolis, MN
Planning a move to Minneapolis, MN? The city offers vibrant urban living with a population of 425,336, a median home price of $325,000, and average rent around $1,350. Commute times are reasonable at 23.7 minutes, and you'll find excellent educational opportunities, including a high rate of bachelor's degree attainment (53.2%). Winters are chilly but the city enjoys 58% sunny days a year. While crime rates are higher than average, Minneapolis boasts diverse neighborhoods, strong healthcare options, and a lively culture, making it an exciting place to call home.
Demographics - Minneapolis, MN
Demographics - Minneapolis, MN
Minneapolis is a diverse city of 425,336 residents, with a youthful median age of 32.6 and a population density of 7,900 per square mile. The community is notably multicultural, with nearly 22% of residents speaking a language other than English at home and significant representation from Black, Asian, and other ethnic groups. This diversity contributes to the city’s vibrant cultural scene and inclusive atmosphere.
Population:
425,336
Density:
7,900 per sq mi
Median Age:
32.6
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
21.8%
Ethnic Composition
White:
59.2%
Black:
18.4%
Asian:
6.0%
Others:
16.4%
Cost Of Living
What is the average cost of living in Minneapolis, MN?
The cost of living in Minneapolis is slightly above the national average, with a cost of living index of 106.0. Housing remains relatively affordable for a major city, featuring a median home value of $325,000 and average rent at $1,350. Residents also benefit from manageable utility costs and competitive state tax rates, making Minneapolis an attractive choice for urban dwellers.
Median House Value:
$325,000
Gross Rent:
$1,350
Monthly Electricity Charges:
$115
Auto Insurance:
$1,400
House Owner Cost With Mortgage:
$1,950
House Owner Cost Without Mortgage:
$620
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
106.0
Grocery:
104.1
Housing:
101.3
Utilities:
96.2
Transportation:
102.6
Health Care:
108.2
Miscellaneous:
104.8
Crime
Is Minneapolis, MN a safe place to live?
Minneapolis experiences higher-than-average crime rates, with a violent crime rate of 1,006 incidents per 100,000 residents and a property crime chance of 1 in 22. While some neighborhoods are safer than others, it's important for newcomers to research local areas and take common-sense safety precautions. The city continues to invest in community programs and policing to address these challenges.
Violent Crimes Per 100k:
1,006
Property Crimes Per 100k:
4,590
Crime Index:
5,596
Chance Of Violent Crime:
1 in 99
Chance Of Property Crime:
1 in 22
Weather
What is the weather like in Minneapolis, MN year-round?
Minneapolis experiences four distinct seasons, with cold winters where temperatures often drop to 7°F and warm summers peaking at 83°F. The city enjoys about 58% sunny days each year and receives an average rainfall of 31.6 inches, offering residents plenty of opportunities for outdoor activities. Seasonal changes bring a unique charm to the city, from snowy winters to vibrant autumns.
Winter
Min:
7°F
Max:
25°F
Spring
Min:
35°F
Max:
64°F
Summer
Min:
61°F
Max:
83°F
Fall
Min:
37°F
Max:
65°F
Average Rainfall Inches:
31.6 inches
Sunny Days Percentage:
58%
Neighbors
Residents of Minneapolis benefit from a median household income of $70,099 and a high level of educational attainment, with over half holding a bachelor’s degree or higher. Commute times are reasonable, averaging just under 24 minutes, and about 9% use public transportation for daily travel. While the poverty rate is at 16.2%, the city’s vibrant neighborhoods offer a strong sense of community and diversity.
Median Income:
$37,300
Household Income:
$70,099
Family Income:
$92,300
Per Capita Income:
$39,717
Income Male:
$48,200
Income Female:
$44,100
Poverty Rate:
16.2%
Non English Speakers:
21.8%
Rent:
$1,350
Unemployment Rate:
3.4%
Public Transport Usage:
9.4%
Commute Time:
23.7 minutes
Education
High School or Higher:
91.7%
Bachelors or More:
53.2%
Education
How are the schools in Minneapolis, MN?
Minneapolis is home to a strong public school system and several reputable private schools, offering a range of academic options for families. The city is also known for higher education, hosting the University of Minnesota – Twin Cities and Augsburg University, both located within easy reach. With a high percentage of residents holding college degrees, education is a cornerstone of the community.
Public Schools
Name:
Southwest High School
Street:
3414 W 47th St
Phone:
612-668-3030
Students:
1,850
Student Teacher Ratio:
18.1
Name:
Washburn High School
Street:
201 W 49th St
Phone:
612-668-3400
Students:
1,350
Student Teacher Ratio:
17.5
Private Schools
Name:
Minnehaha Academy
Street:
3100 W River Pkwy
Phone:
612-729-8321
Students:
890
Colleges
Name:
University of Minnesota – Twin Cities
City:
Minneapolis
State:
MN
Distance:
2 miles
Students:
52,000
Name:
Augsburg University
City:
Minneapolis
State:
MN
Distance:
1 mile
Students:
3,400
Healthcare
Minneapolis offers excellent healthcare access, with major hospitals like Abbott Northwestern and Hennepin Healthcare providing comprehensive services and emergency care. The city has a high rate of health insurance coverage at 94.6% and 3.7 physicians per 1,000 residents, ensuring residents have reliable medical support. The local healthcare system is well-regarded, contributing to the overall quality of life.
Major Hospitals
Name:
Abbott Northwestern Hospital
Address:
800 E 28th St, Minneapolis, MN 55407
Phone:
(612) 863-4000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Hennepin Healthcare
Address:
701 Park Ave, Minneapolis, MN 55415
Phone:
(612) 873-3000
Type:
General & Trauma Center
Emergency Services:
Yes
Physicians Per 1000:
3.7
Health Insurance Coverage:
94.6%
Health Care Index:
78.3
Housing Market
What is the housing market like in Minneapolis, MN?
The housing market in Minneapolis is balanced, with a median home price of $325,000 and an average rent for a two-bedroom apartment at $1,350. Nearly half of the residents own their homes, and the city sees modest home appreciation and low foreclosure rates. A steady new construction rate and healthy rental vacancy provide options for both buyers and renters.
Median Home Price:
$325,000
Average Rent For 2 Bedroom:
$1,350
Owner Occupied Rate:
48.9%
Rental Vacancy Rate:
6.1%
Home Appreciation Rate (1yr):
3.2%
New Construction Rate:
1.6%
Foreclosure Rate:
0.7%
DMV Information
Driver and vehicle services in Minneapolis are managed by the Minnesota Department of Public Safety, with the main office located in nearby St. Paul. The DMV provides comprehensive licensing, registration, and information services to residents. For more details or to schedule appointments, residents can visit the official website or call the provided contact number.
State:
Minnesota
Department:
Minnesota Department of Public Safety – Driver and Vehicle Services
Address:
445 Minnesota St, Suite 190, St. Paul, MN 55101
Phone:
651-297-3298
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.