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: Tuesday, November 30, 2021
MIDWEST INFORMATION OFFICE: Chicago, Ill.
(312) 353-1880 BLSInfoChicago@bls.gov www.bls.gov/regions/midwest
Consumer Expenditures in the Minneapolis Metropolitan Area — 2019-20
Households in the Minneapolis-St. Paul-Bloomington, MN-WI, metropolitan area spent an average of $80,046
per year in 2019-20, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer
noted that this figure was significantly higher than the $62,188 average expenditure level for households in the
United States. Minneapolis-area households allocated their dollars similarly to the nation in 7 of the 8 largest
major components. The share of expenditures for food, which accounted for 11.2 percent of the average
household’s budget in the Minneapolis area, was lower than the national average of 12.5 percent. (See chart 1
and table 1.)
Highlights of the Minneapolis area’s 2019–20 spending patterns:
Housing: This was the largest expenditure component for Minneapolis-area households and averaged
$25,799. Housing accounted for 32.2 percent of the area’s household budget, similar to the 33.8-percent
U.S. average. Among the 22 metropolitan areas nationwide for which data were available, Minneapolis
was one of 10 areas to have a housing expenditure share that was similar to the national average.
Housing expenditure shares among the 22 published metropolitan areas ranged from 39.1 percent in
New York to 31.8 percent in St. Louis. (See table 2.)
Transportation: Minneapolis-area households spent 14.5 percent of their budget on transportation,
similar to the national average of 16.5 percent. Of the $11,585 in annual transportation expenditures in
Minneapolis, 91.7 percent was spent buying and maintaining private vehicles; this compared to the
national average of 94.9 percent.
Personal insurance and pensions: Minneapolis-area household’s spent 12.3 percent ($9,835) of their
annual budget on personal i