Minnesota Data

Rank #28 / 50
Cost of Living
Rank #25
National Avg
January 2026
Updated
mortgage rate
5.1
median monthly rent
1250

Minnesota Cost of Living (2026) — How It Compares to Other States

Cost of living ranking (1=most expensive)

Rates by StateCost of LivingMinnesota
StateCost of Living (index)vs National
→ MinnesotaRank #28 / 50-NaN%
→ Minnesota$1,000-$2,500-NaN%
→ Minnesota$175-$300/hr-NaN%
→ Minnesota9.85%+97.0%
→ Minnesota5.10%+2.0%
→ Minnesota1.28% APY+6.7%
→ Minnesota$150–$350-NaN%

Frequently Asked Questions

What are Minnesota cost of living in 2026?
Minnesota cost of living are currently Rank #28 / 50 as of January 2026. The national average is Rank #25. Minnesota is at or below the national average.
How do Minnesota cost of living compare to other states?
Minnesota cost of living of Rank #28 / 50 compare to a national average of Rank #25. Rates vary by state based on local market conditions, legislation, and economic factors.
Where can I find the best cost of living in Minnesota?
Compare multiple providers and verify credentials before committing to any financial service in Minnesota.
Is Minnesota an expensive state to live in?
Minnesota has a cost of living index of Rank #28 / 50 compared to a national baseline of 100. Minnesota is more affordable than the national average — residents typically pay less for housing, groceries, utilities, and transportation than most Americans.

Plan Your Budget

See how your income stretches in Minnesota and build a realistic budget.

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