If you want to retire happily, one place you'll want to consider is the North Star State, named due to it being the most north the country has to offer. Minnesota is a place of gorgeous wilderness, as long as you're mindful of the weather. The summers are hot, and the winters are cold here, so keep that in mind. However, if you're aware of that, you're in for a treat, This state is a hotbed of culture and fun. With that said, what is the cost of living in Minnesota? We'll tell you in the next section.
If you're looking for a state with a low cost of living, you might be a bit disappointed. Unfortunately, the cost of living is 1.6 points more than the national average. The main reasons for this are the costs of groceries, transportation, and miscellaneous expenses. The rent is slightly higher than the national average as well. However, suppose you can find an area with affordable groceries. In that case, you could be able to even it out through its cost of housing, which is nearly 10 points below the national average, with a median home cost around $70k less than the national average.
| COST OF LIVING | Minnesota | United States |
|---|---|---|
| Overall | 101.6 | 100 |
| Grocery | 105 | 100 |
| Housing | 90.4 | 100 |
| Median Home Cost | $223,900 | $291,700 |
| Utilities | 96.2 | 100 |
| Transportation | 102.8 | 100 |
| Miscellaneous | 108.8 | 100 |
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