Data / Cost of living (regional price parity) / Minnesota

Cost of living (regional price parity) in Minnesota

Cost of living (regional price parity) in Minnesota was 98.6 index in 2024, according to the U.S. Bureau of Economic Analysis. That is up 0.3 from 2023. That is the 22nd highest of 51 states in 2024.

2024, index98.6
Change on 2023+0.3
Rank22nd of 51US states ranked
Series high99.62018
Series low96.72017

Cost of living (regional price parity) in Minnesota, 2008 to 2024

CSVChart (SVG)

969798991002008201120142017202020242008: 96.8 index2009: 98.7 index2010: 97.6 index2011: 97.2 index2012: 97.4 index2013: 97.5 index2014: 98.3 index2015: 97.7 index2016: 97.2 index2017: 96.7 index2018: 99.6 index2019: 98.8 index2020: 97.8 index2021: 98.4 index2022: 97.5 index2023: 98.3 index2024: 98.6 index
index. Source: BEA. Retrieved 2026-10-09, published 2026-02-19.
All 17 values
Periodindex
202498.6
202398.3
202297.5
202198.4
202097.8
201998.8
201899.6
201796.7
201697.2
201597.7
201498.3
201397.5
201297.4
201197.2
201097.6
200998.7
200896.8

Compared with United States

Place2024
Minnesota98.6
United States100

Rankings

Definition

Regional price parity for all items: the average price level of goods and services in a state, including housing rents, as a percentage of the national price level (United States = 100). A value of 110 means prices are 10% above the US average.

Compares price levels across places in the same year; it is not inflation. Each year is benchmarked to that year's national average, so a change over time shows a state moving relative to the US, not prices rising.

How to cite

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). https://apps.bea.gov/regional/zip/SARPP.zip. Retrieved 2026-10-09.

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Questions

What is the cost of living in Minnesota?

Cost of living (regional price parity) in Minnesota was 98.6 index in 2024, according to the U.S. Bureau of Economic Analysis. That is up 0.3 from 2023. That is the 22nd highest of 51 states in 2024.

Where does this figure come from?

U.S. Bureau of Economic Analysis. SARPP: regional price parities by state, all items (United States = 100). Retrieved by Invokely on 2026-10-09.

What was the highest cost of living in Minnesota?

99.6 index in 2018, the highest value since 2008 in this series.

More statistics for Minnesota

All statistics for Minnesota