← All States
Minnesota
High tax burden · COL index 95
Wins 6 categories
VS
New Mexico
Moderate tax burden · COL index 91
Wins 10 categories
Minnesota's top income tax rate is 9.85% vs New Mexico's 5.9%. Property taxes are meaningfully different: Minnesota averages 1.02% annually vs New Mexico's 0.55%.
Taxes
9.85%
Income Tax (top rate)
5.9%
1.02%/yr
Property Tax Rate
0.55%/yr
7.42%
Sales Tax (avg)
7.82%
No
Social Security Tax
Yes
No
Estate Tax
Yes
As income
Capital Gains Tax
As income
Housing & Cost of Living
95
COL Index (100=avg)
91
$335K
Median Home Price
$330K
$1,450/mo
Median Rent (2BR/mo)
$1,250/mo
$2K/yr
Home Insurance (avg/yr)
$2K/yr
Crime & Safety
286
Violent Crime / 100K
778
2,094
Property Crime / 100K
3,286
Healthcare
#2 of 50
Healthcare Quality Rank
#49 of 50
79.4 yrs
Life Expectancy
74.1 yrs
4.5%
Uninsured Rate
9.2%
Yes
Medicaid Expansion
Yes
Education
#8 of 50
K-12 Quality Rank
#46 of 50
No
School Choice / Vouchers
No
Childcare
$1,450/mo
Avg Infant Care / mo
$950/mo
Utilities & Daily Costs
$140/mo
Avg Energy Bill / mo
$115/mo
$500/mo
Avg Groceries / mo
$460/mo
#7 of 50
Road Quality Rank
#29 of 50
Social Policy
B
Gun Laws Grade
B-
D+4.0
2024 Presidential Margin
D+10.0
Category wins
6
Minnesota
10
New Mexico
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