Moving to Minneapolis, MN: Everything You Need to Know
Minneapolis is the fastest-growing city in Minnesota, seeing over a 9% increase in population from 2010-2020 alone to its current size of 425,000 people. Several major brands, such as Target, 3M, and General Mills, have their headquarters offices here, and the well-rounded local economy pays hourly wages that are an average of 10% higher than the national average for people working in almost every sector. There are a lot of reasons to move to Minneapolis and plenty to do once you've arrived.
What's It Like Living in Minneapolis, MN?
The City of Lakes is very well named. Looking at Minneapolis from above, you see a dense urban sprawl that hugs the right bank of the Mississippi River, bounded on one side by its twin city, St. Paul, and on the other by green spaces dotted with nearly two dozen lakes. Over 98% of the city's residents live within a 10-minute walk of one of the city's 270 parks, which is staggering compared with the 55% national average. Minneapolis is extremely accommodating to bicycle traffic, and the local air quality is a step up from most of the urban centers in the American Midwest. In 2015, Minneapolis joined the AARP Network of Age-Friendly Communities, which means the elected leadership has made the commitment to actively work toward making their city a great place to live for people of all ages, including seniors and people with limited mobility.
Cost of Living
Minnesota has a generally low cost of living, which is almost 3% under the national average. As you would expect for a major urban center, Minneapolis is somewhat more expensive. Costs across most common household expenses are roughly 7% higher in Minneapolis than they are nationwide. For comparison, a similarly sized city such as Oakland, CA, has costs that are nearly double the national average.
Healthcare costs are a bright spot for budget-conscious Minneapolitans. The average price people pay for medical care in the city is actually 24% lower than the national average. When you live in Minneapolis, you can be at peace knowing that world-class care at the Mayo Clinic is just a short drive away.
Schools and Universities
The Minneapolis Public School District serves the city's children with 48 elementary school campuses, 17 middle schools and 36 high schools. The district maintains a low student-to-teacher ratio of 14:1, which is better than the state average of 16:1. A remarkable 98.8% of the district's teachers are fully certified, and 87.9% have been on the job for more than three years.
Young adults and older students are spoiled for choice when picking a college to attend in Minneapolis. The University of Minnesota has a campus here, as do several private universities and liberal arts schools. Hamline University is one of the oldest colleges here, as well as one of the most prestigious and affordable. U.S. News and World Reports ranks Hamline #10 for regional institutions of higher learning, along with being the #2 best college for veterans to attend.
Minneapolis is a convenient place to live if you have to drive anyplace. Over 60% of city residents drive their own cars to work every day, while almost 8% carpool. More than 13% rely on excellent public transportation, and more than a few avail themselves of the popular local bike-sharing network. The average drive-time commute in Minneapolis is 22.9 minutes, which narrowly edges out the national average of 26.4.
People who don't live in Minnesota might have the wrong idea about what the local climate is like. While it's true that Minneapolis does get snow, about 55 inches a year, in fact, the city isn't under year-round blizzard warnings as the popular imagination would have it. From April to October, it's common to see breezy, partly cloudy days with average highs of 58 to 83 degrees. Late spring sees very little to no rain, as a rule, while a fresh blanket of snow turns Minneapolis into a top-15 winter holiday destination sometime between Thanksgiving and Christmas.
Minneapolis really shines for access and quality of healthcare. As noted above, costs for medical care in Minneapolis are significantly lower than elsewhere in the United States, including the cost of specialized care such as geriatrics and family medicine. Mayo Clinic, which has been the top-ranked hospital in America for decades, is just down Highway 52 from Minneapolis, where it offers world-class surgical care and specialist treatments that draw VIPs from all over the world.
What's the Job Market Like in Minneapolis?
The job market is pretty solid in Minneapolis, as it has been for years, with no sign of slowing or falling back. Annual job growth averages around 1.8%, and the local unemployment rate is just 4.5%, better than the national rate of 6%. The average income for all adults in Minneapolis combined is $43,925 a year, which is a respectable $6,287 more than the national average. The Bureau of Labor Statistics projects that Minneapolis will see a 36.7% increase in jobs between 2020 and 2030, which outpaces the outlook for the rest of the country by nearly 4%.
Finding a Place to Live in Minneapolis
Moving to a new city can be equally exciting and scary. This is even more true if you're relocating from far away to a new location you're not familiar with. It's good to learn all you can about a city before moving to it, and hopefully, you've learned what you need to know about Minneapolis here.
If you're planning a move to the Twin Cities anytime soon, it's worth taking a look at Sterling Square Apartments to find your new home. We have a large and beautifully maintained complex of 1-, 2- and 3-bedroom apartment homes that are just waiting for a resident like you. Our community has garage parking, laundry on-site, and a playground for the kids. Contact us today to schedule a visit!