Bloomington, MN vs Minnetonka, MN

Bloomington is moderately more affordable than Minnetonka, with a 12.6% lower cost of living index. Bloomington scores 111 compared to 127 for Minnetonka, where the US average is 100. This difference means residents of Minnetonka can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bloomington is $1,526/month compared to $1,758/month in Minnetonka — a 13% difference. Home values follow the same pattern: Bloomington is more affordable at $346,200 median vs $456,200.

Median household income in Bloomington is $90,677 compared to $120,496 in Minnetonka (-24.7%). While Minnetonka is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bloomington spend roughly 20.2% of their income on rent, more than the 17.5% in Minnetonka.