Minnesota

Cost of living, salaries, housing prices, taxes and population data for Minnesota. Official U.S. government data.

Population
5,713,716
Latest data · 38.6 median age
Median Household Income
$87,556
Rank #13 of 50 · 2026
Median Home Value
$305,500
$3,184/yr property tax

Living in Minnesota: Mayo, malls and steady prosperity

Minnesota pairs marquee employers — Mayo Clinic, UnitedHealth, Target, 3M — with a diversified Twin Cities economy spanning healthcare, finance and tech. Incomes run above average and unemployment stays low.

Housing in the Twin Cities costs far less than coastal peers, though winters inflate heating bills and test newcomers. Taxes lean high, funding strong schools and services. Minnesota fits professionals who value stability, healthcare access and winter sports over year-round warmth.

Quick answers: Minnesota

How does Minnesota rank for household income?
The median household income in Minnesota is $87,556, ranking #13 of 50 states in 2026.
What is the median home value in Minnesota?
The median home value in Minnesota is $305,500, with a median annual property tax bill of $3,184.

Minnesota vs the national average

  • Income 16% above the national median ($75,561).
  • Median home value 12% above the national median ($272,900).

County Explorer — Minnesota

2026 · 87 areas
County / Area ↕Studio ↕1 BR ↕2 BR ↓3 BR ↕4 BR ↕
Click any row to view details ↓

2BR Rent Trend 2020–2026

County vs County

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Latest data for 2026 · Historical trends from past years to 2026. Disclaimer · Click any county for deep dive.

Frequently asked questions

What data does this page show?

Cost of living, median income, rent, home prices and taxes in Minnesota for 2026, with county explorer and historical trends from past years to 2026.

What is the cost of living in Minnesota?

Housing, rent, income and taxes for Minnesota with county explorer and trends — all on this page.

How to explore Minnesota counties?

Open the county table to sort fair rents and compare counties side by side.

How current are the figures?

All figures reflect 2026 and update automatically from official sources.

Where do the numbers come from?

All figures are compiled from official U.S. government public data and refreshed automatically. LifeIndexData is 100% free to use and fully independent: we are not affiliated with, sponsored by, or compensated by any bank, lender or financial institution, and advertising never influences our data or rankings.

How do I cite this page?

LifeIndexData. "Minnesota Cost of Living, Salary & Housing Data 2026" (2026). https://lifeindexdata.com/usa/states/minnesota/

Is this financial advice?

No. All data is informational only — see our Disclaimer before making decisions.