Assisted Living in Minneapolis, MNâ Costs & Options2026 Guide
Median AL Cost
$5,400/mo
$64,800/year
vs. National Avg
+1%
national median: $5,350/mo
vs. MN Avg
+7%
Minnesota median: $5,050/mo
Care Costs in Minneapolis, MN (2026)
Compare monthly costs across all senior care types.
| Care Type | Low | Median | High | Annual |
|---|---|---|---|---|
| Assisted Living | $4,480 | $5,400 | $6,480 | $64,800 |
| Memory Care | $5,640 | $6,800 | $8,160 | $81,600 |
| Nursing Home | $8,780 | $10,584 | $12,700 | $127,008 |
| Home Care | $5,340 | $6,435 | $7,720 | $77,220 |
| Independent Living | $3,150 | $3,800 | $4,560 | $45,600 |
| Adult Day Care | $1,620 | $1,950 | $2,340 | $23,400 |
All costs are monthly estimates for Minneapolis, MN. Source: Genworth Cost of Care Survey.
Payment Options in Minnesota
Most families use a combination of these sources to pay for assisted living in Minneapolis.
Plan Your Minneapolis Care Budget
Use our free tools to get a personalized cost estimate and identify the best payment strategy.
Assisted Living in Minneapolis: Frequently Asked Questions
The median cost of assisted living in Minneapolis is approximately $5,400 per month. This translates to about $64,800 per year. Actual costs depend on the facility, room type, and level of care needed.
Common payment options include private pay (savings and retirement income), Medicaid waiver programs in Minnesota, VA Aid and Attendance benefits for veterans, long-term care insurance, and life insurance conversions. Most families use a combination of sources.
Visit multiple facilities in Minneapolis, ask for a complete written fee schedule, check Minnesota state inspection reports, speak with current residents, evaluate staff-to-resident ratios, and assess the social programming. Our free care assessment can help determine the right care level.
Minneapolis offers a range of assisted living options at varying price points. When choosing a location, consider proximity to family, access to medical services, climate preferences, and the cost of living. Our cost comparison can help you evaluate Minneapolis against other cities.