Madrid vs Minneapolis
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026ยทSource: OECD, Numbeo & National Statistics
๐ก Why it matters: Madrid vs Minneapolis
Minneapolis is 0% more affordable for homebuyers. Madrid has a price-to-income ratio of 8.2x compared to 4.5x in Minneapolis.
| Metric | Madrid | Minneapolis |
|---|---|---|
| Avg Home Price | $320,000 | $320,000 |
| Price / sqm | $4,800 | $3,500 |
| Rent (1BR) | $1,100/mo | $1,400/mo |
| Rent (3BR) | $1,800/mo | $2,100/mo |
| Price-to-Income | 8.2x | 4.5x |
| Mortgage Rate | 3.2% | 6.8% |
| 1yr Change | +4.8% | +2.8% |
| Median Income | $39,000/yr | $71,000/yr |
| Population | 3,300,000 | 430,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
โ OECD, Numbeo & National Statisticsโ Updated 2025
Frequently Asked Questions
Is Madrid or Minneapolis more expensive?
Minneapolis is more affordable. Home prices differ by $0 (0%).
Which city has cheaper rent, Madrid or Minneapolis?
Rent for a 1BR in Madrid is $1,100/mo vs $1,400/mo in Minneapolis.
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