Colorado vs Minnesota: taxes, cost of living, laws

Colorado

Moderate tax burden · COL index 110

Wins 4 categories

Minnesota

High tax burden · COL index 95

Wins 11 categories

Minnesota's top income tax rate is 9.85% vs Colorado's 4.4%. Cost of living in Colorado (index 110) runs 16% higher than Minnesota (index 95). Property taxes are meaningfully different: Minnesota averages 1.02% annually vs Colorado's 0.48%. The median home in Colorado costs $545K vs $335K in Minnesota.

Colorado

Minnesota

Taxes

4.4%

Income Tax (top rate)

9.85%

0.48%/yr

Property Tax Rate

1.02%/yr

7.76%

Sales Tax (avg)

7.42%

Social Security Tax

Yes

Estate Tax

As income

Capital Gains Tax

As income

Housing & Cost of Living

110

COL Index (100=avg)

$545K

Median Home Price

$335K

$1,850/mo

Median Rent (2BR/mo)

$1,450/mo

$3K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

453

Violent Crime / 100K

286

2,859

Property Crime / 100K

2,094

337

Sex Offenders / 100K

333

314

Homeless / 100K

159

Healthcare

#9 of 50

Healthcare Quality Rank

#2 of 50

78.8 yrs

Life Expectancy

79.4 yrs

7.4%

Uninsured Rate

4.5%

Yes

Medicaid Expansion

Yes

Education

#9 of 50

K-12 Quality Rank

#8 of 50

School Choice / Vouchers

Childcare

$1,600/mo

Avg Infant Care / mo

$1,450/mo

Utilities & Daily Costs

$130/mo

Avg Energy Bill / mo

$140/mo

$530/mo

Avg Groceries / mo

$500/mo

#30 of 50

Road Quality Rank

#7 of 50

Social Policy

A-

Gun Laws Grade

D+11.0

2024 Presidential Margin

D+4.0

Category wins

Colorado

Minnesota

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