Cost of Living in Minnesota

Minnesota has a cost of living index of 104.8, meaning overall expenses are 4.8% higher the national average. With 163 cities tracked in our database, the state offers a wide range of living situations from very affordable small towns to pricier metropolitan areas.

Housing is typically the largest expense category. Average rent in Minnesota is approximately $1,298 per month, with significant variation between urban centers and rural communities. Median home values average around $432,464 statewide.

The state income tax rate in Minnesota is 9.85%, which directly affects take-home pay. Factor this into salary comparisons when considering a move from states with different tax rates.