Minnesota Cost of Living Calculator
Use this free cost of living calculator customized with Minnesota-specific tax rates, costs, and financial data.
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Frequently Asked Questions
What is the cost of living in Minnesota?
Minnesota has a cost of living index of 98, where 100 represents the national average. This means living in Minnesota is about 2% less expensive than the national average.
How does Minnesota's cost of living compare to other states?
With an index of 98, Minnesota falls in the moderate range for cost of living. Key factors include the median home price of $315,000, state income tax up to 9.85%, and average insurance costs.
What salary do I need to live comfortably in Minnesota?
The median household income in Minnesota is $80,450. With a cost of living index of 98 and median home price of $315,000, a comfortable salary depends on your household size, location within the state, and lifestyle. Use our calculator to compare costs across states.