Cost of Living in Minnesota
Based on 1 city we track in Minnesota.
Cost of living in Minnesota is shaped mostly by rent across the 1 city we track there. A one-bedroom apartment runs around $1,192 a month — about the same as the $1,191 median across the 28 states we track.
Median household income across those cities is $80,269, 12% higher than the $71,716 median across the states we track. Minnesota has a top state income tax rate of 9.85% and a 6.875% state sales tax.
State Medians
Median 1BR Rent
$1,192
Median Home Value
$345,600
Median Income
$80,269
Avg Temperature
47.4°F
Medians across the Minnesota cities we track — not a statewide population-weighted figure.
State Taxes
State Sales Tax
6.875%
State Income Tax (top rate)
Up to 9.85%
Cities in Minnesota
Compare Minnesota with
Minnesota cost of living — FAQ
- Is Minnesota expensive to live in?
- Minnesota is on the pricier side of the 28 states we track. Its median one-bedroom rent of $1,192 ranks #14 of 28 and is about the same as the $1,191 median.
- What is the average rent in Minnesota?
- Across the 1 city we track in Minnesota, average rent runs a studio around $992, a one-bedroom around $1,192, a two-bedroom around $1,555, a three-bedroom around $1,761 per month (US Census ACS).
- What is the median home price in Minnesota?
- The median home value across the cities we track in Minnesota is $345,600 — 9% higher than the $317,950 median across the states we track.
- Does Minnesota have a state income tax?
- Yes — Minnesota's top state income tax rate is 9.85% (most filers pay less than the top rate). Its state sales tax rate is 6.875%; local jurisdictions may add more.
- How much do you need to earn to live in Minnesota?
- To keep a one-bedroom rent of $1,192 near the recommended 30% of gross income, you'd want to earn roughly $48,000 a year. Median household income across the cities we track in Minnesota is $80,269.
Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026 (state taxes).