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.
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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 indices
100 = US average. Higher means more expensive.
Housing & rent
Statewide medians and averages.
Whether you're comparing options for a parent or planning ahead for yourself, here's where to start by care level.
Assisted living provides personal care, meals, and daily support for seniors who need help with everyday tasks but not full medical supervision.
Memory care is a specialized type of senior living for people with Alzheimer's disease, dementia, or other cognitive decline.
Independent living is community housing for active seniors who want amenities, social life, and freedom from home upkeep without daily personal-care services.
Home care brings personal-care services and companionship into the senior's own home rather than moving them into a community.
A skilled nursing facility (SNF, often called a nursing home) provides 24-hour licensed medical care and rehabilitation for seniors with serious health conditions.
Senior apartments are age-restricted rental homes - typically for residents 55+ or 62+ - designed for older adults who live independently.
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Hand-picked from our directory

Anoka, MN
3.9 · 33 reviews

Cottage Grove, MN
3.1 · 27 reviews

Anoka, MN
4.0 · 22 reviews

Anoka, MN
3.8 · 22 reviews

Cottage Grove, MN
3.3 · 20 reviews

Anoka, MN
4.3 · 19 reviews
Caregivers who come to you

Lake Elmo, MN
4.5 · 119 reviews

Wayzata, MN
4.6 · 67 reviews

Afton, MN
4.8 · 53 reviews

Andover, MN
4.8 · 20 reviews

Andover, MN
4.9 · 10 reviews

Albertville, MN
4.8 · 10 reviews
55+ housing without daily care
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Insurers are pulling out of some Medicare Advantage markets and trimming benefits for 2027. Humana alone expects its exits to affect about 600,000 members. Here is what is confirmed, what is only expected, and the special rights you get if your plan is dropped.

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Medicare's fall Open Enrollment runs October 15 through December 7, 2026, for coverage that starts January 1, 2027. The out-of-pocket cap on Part D drug costs rises to $2,400 and the deductible to $700. Here is what changed, the one letter you need to read, and how to compare plans before the window closes.

A federal tax law now gives most people 65 and older an extra $6,000 deduction, or $12,000 per couple, for tax years 2025 through 2028. It is not the same as ending taxes on Social Security. Here is who qualifies, how the income phaseout works, and how to claim it.

A 2025 federal law raised the age for SNAP work requirements from 54 to 64. Many adults in their late 50s and early 60s now have to work, train, or volunteer 80 hours a month to keep food benefits, and several long-standing exemptions are gone. Here is who is affected, who is not, and what to do.
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