Minnesota
High tax burden · COL index 95
Wins 10 categories
New Jersey
High tax burden · COL index 121
Wins 6 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
6
New Jersey
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Is Minnesota cheaper than NJ?
Is it more expensive to live in Newark or Minneapolis? Overall cost of living in Minneapolis, MN is 19.2% lower than in Newark, NJ. The average listing price for a home in Minneapolis, MN is $405,800, which is 39.0% lower than Newark, NJ. The average cost of groceries in Minneapolis, MN is 2.3% lower than Newark, NJ.
Is Minnesota the best state to live in?
Is $200,000 a good salary in NJ?
Is Minnesota colder than NJ?
All areas of the Garden State dropped to lower temperatures than the coldest city in the country -- Minneapolis, Minnesota -- which has the lowest average temperature year-round. Its low was 3 degrees. Trenton recorded a low of zero degrees today.