Minnesota vs New Mexico
Side-by-side cost of living comparison.
State Taxes
Sales Tax
6.875%
4.875%
+2.0 pp in Minnesota
Income Tax (top rate)
9.85%
5.90%
+3.9 pp in Minnesota
Housing (median across tracked cities)
Median 1BR Rent
$1,192
$889
+25% in Minnesota
Median Home Value
$345,600
$266,700
+23% in Minnesota
Income (median across tracked cities)
Median Household Income
$80,269
$65,604
+18% in Minnesota
Climate (median across tracked cities)
Avg Annual Temperature
47.4°F
57.2°F
+9.8°F in New Mexico
Housing, income, and climate are medians across the 1/1 cities we track in Minnesota/New Mexico — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.