Minneapolis, MN
Population 426,845 · Minnesota
About Minneapolis, MN
Minneapolis is a major city in Minnesota with a population of 426,845 residents. The median household income is $80,269 per year, which is above the national average. The median age in Minneapolis is 33 years.
Housing in Minneapolis has a median home value of $345,600 and median monthly rent of $1,329. Of the 203,217 total housing units, renting is more common than owning, with 90,686 owner-occupied and 98,258 renter-occupied units.
The unemployment rate in Minneapolis is 5.7% and the poverty rate is 16.4%. 54.5% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
How Minneapolis Ranks in Minnesota
Cost of Living in Minneapolis, MN
Compared to national averages, Minneapolis has a median household income of $80,269 (7% above the national median of $75,149). Home values average $345,600, which is 41% above the national median. Monthly rent at $1,329 is 14% above the US average of $1,163. Within Minnesota, Minneapolis's income is 8% above the state average of $74,221, and home values are 69% above the state median of $204,472.
Why Live in Minneapolis, MN?
Minneapolis offers a strong local economy with a median household income of $80,269, well above the national average, and a well-educated community where 54.5% of residents hold a bachelor’s degree or higher, and short commute times averaging just 22.5 minutes.
Minneapolis has a population of 426,845 with a median age of 33 years. Compare Minneapolis with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Minneapolis
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Paul | 307,762 | $73,055 | $280,300 | Compare |
| Rochester | 121,638 | $87,767 | $287,500 | Compare |
| Bloomington | 88,838 | $90,677 | $346,200 | Compare |
| Duluth | 86,863 | $66,263 | $225,700 | Compare |
| Brooklyn Park | 84,349 | $85,964 | $313,500 | Compare |
| Plymouth | 79,526 | $133,865 | $474,700 | Compare |
| Woodbury | 76,945 | $126,222 | $434,900 | Compare |
| Lakeville | 72,480 | $138,119 | $425,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Minneapolis
What is the population of Minneapolis, MN?
The population of Minneapolis, MN is 426,845 according to the latest Census data.
What is the median household income in Minneapolis?
The median household income in Minneapolis, MN is $80,269 per year.
What is the median home value in Minneapolis?
The median home value in Minneapolis, MN is $345,600.
What is the average rent in Minneapolis?
The median monthly rent in Minneapolis, MN is $1,329.
What is the unemployment rate in Minneapolis?
The unemployment rate in Minneapolis, MN is 5.7%.