Median one-bedroom rent across the cities we track is $1,126 in Minnesota versus $824 in Wyoming. Overall, Wyoming runs roughly 27% cheaper on rent than Minnesota, its main day-to-day cost driver.
Median household income across tracked cities is $80,269 in Minnesota and $77,176 in Wyoming — about 4% higher in Minnesota. Minnesota has a top state income tax rate of 9.85% and a 6.875% state sales tax; Wyoming has no state income tax and a 4% state sales tax.
State Taxes
Sales Tax
6.875%
4%
+2.9 pp in Minnesota
Income Tax (top rate)
9.85%
None
+9.8 pp in Minnesota
Housing (median across tracked cities)
Median 1BR Rent
$1,126
$824
+27% in Minnesota
Median Home Value
$287,500
$311,200
+8% in Wyoming
Income (median across tracked cities)
Median Household Income
$80,269
$77,176
+4% in Minnesota
Climate (median across tracked cities)
Avg Annual Temperature
47.1°F
46.5°F
+0.6°F in Minnesota
Minnesota vs Wyoming — FAQ
- Is it cheaper to live in Minnesota or Wyoming?
- Wyoming is cheaper on rent — its median one-bedroom of $824 runs about 27% below Minnesota's $1,126, based on the cities we track in each state.
- How much more do you need to earn to live in Minnesota than in Wyoming?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $45,000 a year in Minnesota versus $33,000 in Wyoming.
- Which has lower taxes, Minnesota or Wyoming?
- Minnesota has a top state income tax rate of 9.85% and a 6.875% state sales tax. Wyoming has no state income tax and a 4% state sales tax.
Housing, income, and climate are medians across the 3/1 cities we track in Minnesota/Wyoming — 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.