Minnesota 

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Economy in Minnesota

Minnesota has an unemployment rate of 4.5%. The US average is 6.0%.

Minnesota has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Minnesota
- The Sales Tax Rate for Minnesota is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Minnesota is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Minnesota
- The average income of a Minnesota resident is $31,642 a year. The US average is $28,555 a year.
- The Median household income of a Minnesota resident is $60,828 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMinnesota, MinnesotaUnited States
  4.5%6.0%
  -3.1%-6.2%
  34.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $34,712$31,177
  $65,699$57,652
  $82,785$70,850
  POPULATION BY OCCUPATION
  2.1%1.3%
  0.2%0.6%
  5.5%6.2%
  13.5%10.4%
  2.9%2.7%
  11.3%11.6%
  3.9%4.1%
  0.7%0.9%
  1.8%2.1%
  5.7%4.7%
  1.4%1.9%
  6.2%6.7%
  0.1%0.1%
  3.5%4.3%
  9.0%9.3%
  15.8%13.8%
  2.1%2.2%
  6.3%7.4%
  4.5%4.9%
  3.4%4.8%
ECONOMY MAP
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    Reviews for Minnesota    72 Reviews
    Not Minnesota nice, more like Minnesota ice - 3/29/2022
    My family and I have lived in Minnesota for just shy of 10 years. We came from a southern state, so we were a little used to more of a friendly type of atmosphere. We... Read More

    Start Your Review of Minnesota


    Bad, just Bad. - 1/2/2022
    I've lived in this city for 4 years and the people are as bitter and cold as the winters here. Have had most only bad experiences here, probably only a couple decent... Read More

    Living in the Twin Cities - 9/30/2015
    Its a great place -- lots to do, diverse population. Negatives are cold winters and high... Read More


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    COMPARE COST OF LIVING
    Compare Minnesota to any other place in the USA.


    MAPS OF MINNESOTA
    Minnesota
    ZIP CODES IN MINNESOTA
    55044, 55106, 55901, 55124, 55303, 55304, 56001, 55379, 55125, 55112, ... 885 more


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