The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
For Release: Monday, October 26, 2020
MIDWEST INFORMATION OFFICE: Chicago, Ill.
(312) 353-1880 BLSInfoChicago@bls.gov www.bls.gov/regions/midwest
Consumer Expenditures for the Minneapolis Metropolitan Area: 2018-19
Households in the Minneapolis-St. Paul-Bloomington, MN-WI, metropolitan area spent an average of $84,006
per year in 2018–19, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer
noted that this figure was significantly higher than the $62,395 average expenditure level for households in the
United States. Minneapolis-area households allocated their dollars similarly to the nation in nine major
components, while shares for five components differed significantly from their respective U.S. averages. For
example, the share of expenditures for cash contributions, which accounted for 6.5 percent of the average
household’s budget in the Minneapolis area, was higher than the national average of 3.1 percent. (See chart 1
and table 1.)
Highlights of the Minneapolis-area’s 2018–19 spending patterns:
Housing: This was the largest expenditure component for Minneapolis-area households and averaged
$26,654. Housing accounted for 31.7 percent of the area’s household budget, not significantly different
from the 32.7-percent U.S. average. (See table 1.) Housing expenditure shares among the 22 published
metropolitan areas ranged from 38.0 percent in New York to 30.3 percent in Detroit. (See table 2.)
Transportation: Minneapolis-area households spent 13.2 percent of their budget on transportation,
significantly lower than the national average of 16.8 percent. Of the $11,049 in annual transportation
expenditures in Minneapolis, 86.7 percent was spent buying and maintaining private vehicles; this
compared to the national average of 92.4 percent.
Food: The portion of a Minneapolis household’s budget spent on food, 11.6 percent, was significantly
lower than the 12.9-percent U.S. average. Minneapolis-area