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Minnesota cost of living & income (2026)

Quick answer: Minnesota has a cost-of-living index of 93.4 (100 = national baseline), an illustrative estimated annual cost of living of about $46,700, median household income of $87,117, combined average sales tax about 7.81%, and regular gas about $3.743/gal in the June 2026 AAA snapshot used on the hub.

COL index93.4100 = US baseline
Est. annual COL$46,700
Median HH income$87,117
Sales tax (comb.)7.81%
Gas (87 octane)$3.743/galJune 2026 AAA
Largest cityMinneapolis (425,115)

Taxes & economy

Income tax: Graduated up to 9.85%

Sales tax: 6.875% state (combined avg. ~7.81%)

Major industries: Healthcare/medical devices, agriculture (soy, corn, dairy), manufacturing, finance

Climate snapshot

Summer high ~83°F (July, Twin Cities) · Winter low ~8°F (January)

Culture (context)

Mall of America / Minneapolis Institute of Art

Open the interactive 50-state map & table — sort, filter, and use the dual ranker on the full explorer.

What this means for you

What this means for you: a basket priced at 100 on the national baseline is indexed at 93.4 in Minnesota. A salary that buys that basket at the baseline would need about 93.4% of that salary to buy the same basket here. That is index math from this snapshot, not a tax-equalized offer and not your rent.

Compare a salary: Minnesota vs Texas on the explorer.

How to read this page

  1. Read the quick answer for Minnesota's cost-of-living index, estimated annual cost, median income, sales tax, and gas price.
  2. Open the 50-state explorer and compare Minnesota with another state. The salary line multiplies pay by the other index divided by this index.
  3. Use the mortgage, rent, and paycheck calculators with your own numbers. This page does not compute a tax return.

Related calculators: mortgage · rent · paycheck.

Related states

Similar cost-of-living index in this dataset:

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FAQ

What is Minnesota's cost of living index?

Minnesota's cost-of-living index is 93.4 (national baseline 100) in this 2026 classroom snapshot.

What is the estimated annual cost of living in Minnesota?

The explorer lists an illustrative estimated annual cost of living of about $46,700 for Minnesota.

What is median household income in Minnesota?

Median household income in Minnesota is $87,117 in this dataset.

What is the combined average sales tax rate in Minnesota?

The combined average sales tax rate shown for Minnesota is 7.81%. State and local rules vary; see the Tax Foundation citation on the hub.

Does Minnesota have a state income tax?

State income tax in Minnesota: Graduated up to 9.85%.

What was regular gas in Minnesota in this snapshot?

87-octane gas is listed at $3.743 per gallon (AAA, June 2026) in the explorer data.

How should a household read Minnesota's cost-of-living index?

The index is 93.4 against a US baseline of 100. A salary that buys a basket at the baseline would need about 93.4% of that salary to buy the same basket in Minnesota in this snapshot. It is not a tax bill, a rent quote, or financial advice.

Sources: Tax Foundation (sales tax), BEA / ACS (income & COL), AAA gas (June 20, 2026). Educational, not financial, tax, or relocation advice.