Minnesota
High tax burden · COL index 95
Wins 10 categories
New Jersey
Very High tax burden · COL index 121
Wins 3 categories
Cost of living in New Jersey (index 121) runs 27% higher than Minnesota (index 95). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Minnesota's 1.02%. The median home in New Jersey costs $500K vs $335K in Minnesota.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
10
Minnesota
3
New Jersey
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New Jersey was ranked the third best state to live in by WalletHub — leading the nation across safety, education, health, and quality of life. From investing in education to expanding access to health care, we are proud to live in the Garden State. Read more: https://wallethub.com/edu/best-states-to- live-in/62617.