Indiana
Moderate tax burden · COL index 87
Wins 8 categories
Minnesota
High tax burden · COL index 95
Wins 5 categories
Minnesota's top income tax rate is 9.85% vs Indiana's 3.05%. Property taxes are meaningfully different: Minnesota averages 1.02% annually vs Indiana's 0.71%. The median home in Minnesota costs $335K vs $240K in Indiana. Politically, Indiana voted Republican in 2024 (R+19.0) while Minnesota went Democratic (D+4.0).
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Category wins
8
Indiana
5
Minnesota
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Is it cheaper to live in Minnesota or Indiana?
Indiana is cheaper than Minnesota in terms of cost of living Adjusting to living in Indiana will be easier on your pockets, as living in Indiana is around 12.9% cheaper than living in Minnesota. From utilities, food, housing, clothing, and entertainment to everything else, you will find Indiana quite affordable.
Is moving to Indiana a good idea?
The low cost of living makes Indiana a great place to settle down, and its high economic infrastructure creates a beneficial environment for blooming businesses and their workers.
What are the pros and cons of living in Minnesota?
What's the best town to live in Minnesota?