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Page Reviewed / Updated – September 11, 2023

Located in southeast Minnesota, Minneapolis has a cost of living that’s about 5% higher than the national average, making it one of Minnesota’s more expensive cities. However, seniors have access to health care prices nearly 13% less than national figures and Minnesota’s Senior Citizens Property Tax Deferral Program, which allows qualifying older adults to defer part of their property taxes.
Assisted living in Minneapolis costs about $4,432 per month, which aligns with Minnesota’s statewide average of $4,433 but is cheaper than the national median of $4,459. These costs can vary depending on a community’s services, amenities and location.
In this guide, readers can explore senior living cost variations throughout Minnesota and local resources to navigate care.
The Cost of Assisted Living in Minneapolis, MN
When determining how to finance Assisted Living, it’s essential to first know the expense involved for your loved one to join a reputable community. With the ongoing increase in costs, having current information is crucial when budgeting for senior care. To help highlight the influence of inflation on senior living expenses, PayingForSeniorCare.com has collected cost data from its extensive network of over 75,000 senior living communities. This data represents the average cost of Assisted Living in Minneapolis and in 42 other cities in Minnesota.
Inflation & the Cost of Assisted Living in Minneapolis, MN
Between 2022 and 2023, inflation shifted assisted living prices throughout Minnesota’s top cities. In Minneapolis, costs rose by nearly 10% to $4,432, which is equivalent to the national average’s increase to $4,459. Saint Paul and Minnetonka also experienced price increases to $5,249 and $4,245, respectively. While Rochester saw a 10% spike, Minnesota’s statewide average rose by only around 1%.
In 2024, prices are expected to change again based on current trends, emphasizing the importance of planning ahead financially. While Minneapolis is expecting an 8% increase, Minnesota’s overall average is estimated to drop to $4,314.
Location |
2022 Cost (Historical) |
2023 Cost (Current) |
2024 Cost (Estimated) |
Minnesapolis |
$4,045 |
$4,432 |
$4,773 |
U.S. Average |
$4,070 |
$4,459 |
$4,802 |
Minnesota |
$4,399 |
$4,433 |
$4,314 |
Saint Paul |
$4,791 |
$5,249 |
$5,652 |
Minnetonka |
$3,875 |
$4,245 |
$4,572 |
Rochester |
$3,468 |
$3,800 |
$4,092 |
The Cost of Other Types of Care in Minneapolis, MN
Care type can also influence senior living costs in Minneapolis based on the services and assistance level offered. Assisted living costs $4,432 per month, while memory care offers therapeutic activities and staff specially trained in cognitive disorders at a higher rate of $4,670. For active seniors seeking new social and recreational opportunities, independent living may be a more suitable option and is less expensive at $2,633.
Care Type |
Cost |
Assisted Living |
$4,432 |
Memory Care |
$4,670 |
Independent Living |
$2,633 |
Financial Assistance for Assisted Living in Minneapolis, MN

Other Ways to Pay for Assisted Living in Minneapolis, MN
Since not everyone can afford to pay for assisted living out-of-pocket, it’s important to find alternative methods to help make assisted living more affordable. Some of these options include:
- Veterans Benefits
- Life Insurance Policy
- Long-Term Care Insurance
- Reverse Mortgage
For additional information and planning, read our comprehensive guide to paying for senior care in Minnesota.
Rules and Regulations for Assisted Living Facilities in Minneapolis, MN
Assisted Living Communities in Minneapolis are required to follow a set of rules and regulations that are determined by the state. For an overview of those rules and regulations, see the information below. For more specific information, talk with your local community or Area Agency on Aging.
