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.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
4
Colorado
11
Minnesota
Run the full slider tool to score these states against your specific income, home value, retirement, and lifestyle priorities.
Score For My Profile →People Also Ask
Which state is better to live in, Minnesota or Colorado?
Beyond housing, other living costs such as groceries, healthcare, and transportation may also see an uptick. However, Colorado offers some financial advantages, such as lower property tax rates and a lower state income tax—4.25% compared to Minnesota's 9.85%. For many, this can offset the higher housing expenses.
What is the downfall of living in Colorado?
Is Minnesota or Colorado more expensive?
Overall cost of living in Denver, CO is 19.1% higher than in Minneapolis, MN. The average listing price for a home in Denver, CO is $665,372, which is 62.9% higher than Minneapolis, MN. The average cost of groceries in Denver, CO is 1.2% higher than Minneapolis, MN.
Where are people moving out of Colorado to?