Minnesota
Wage: $63,640 ($30.60/hr)
Home Price: $317,275
Rent: $1,515/mo
Overview
Overview of Minnesota
Homes in Minnesota are priced near the national average at $317,275, and a dollar goes a bit further than average ($102.00 value). Property crime rates in Minnesota are moderate at 19.67 incidents per 1,000 people.
Curious what your salary would look like after taxes in Minnesota? Try our free tax calculators.
Compared to the national average, Minnesota the difference in median home prices is -8.78% – positive being higher than the national average, negative being lower. The difference in the value of $100 is -1.26% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is -5.23% and property crime is 3.99%.
Counties
Hennepin, Ramsey, Dakota
Zip Codes
55401, 55112, 55313
Popular Metro Area
Minneapolis-St. Paul
Most Populated City
Minneapolis
Median Home Price
$317,275
Value of $100
$102.0
Average Monthly Rent
$1,515
Property Crime Per 1000
19.67
Cost of Living
Cost of Living in Minnesota
The average monthly cost of living expenses in Minnesota including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$381
Energy Bill
$104.76
Monthly Water Bill
$28
Monthly Internet
$30
Natural Gas (Utilities)
$55
Monthly Phone Bill
$114
Streaming Services
$49.00
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Crime
Crime in Minnesota
Typical crime rates in Minnesota including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
5,706,494
Crime Rate Per 100k Residents
4527.25
Violent Crime Per 100k Residents
277.48
Non-Violent Crime Per 100k Residents
4249.77
Jobs
Jobs in Minnesota
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
1.29
Unemployment Rate (%)
2.77
Job Openings Level
183,000
Annual Average Wage
$63,640
Hourly Average Wage
$30.60
Labor Force Participation (%)
68
Taxes
Taxes in Minnesota
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
7%
Average Local Sales Tax
1%
Combined Sales Tax Rate
8%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.
