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Midwest #11 of 51 for wealth
Minnesota
Estimated taxes, cost of living, income and housing — scored for the goals that move your money.
Estimated data
Median income
$84.3K
household / year
Avg home price
$340K
~$2,231/mo mortgage
Cost of living
100
100 = US avg
Tax burden
9.3%
income + sales + property
Where Minnesota ranks
How this state places against all 51 states + DC.
How Minnesota scores
Wealth building66/100
Income vs cost of living and taxes — how much you keep and grow.
Homeownership56/100
How far the median income goes toward buying a home.
Young professionals72/100
Job market depth, earning power and manageable costs.
Retirement31/100
Low taxes, gentle cost of living and affordable healthcare.
Families61/100
Affordable housing, everyday costs and healthcare.
Affordability48/100
Overall cost of living — how far your dollar stretches.
Cities in Minnesota
States with a similar cost of living
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State figures are educational estimates and should be verified with current local sources.