Minnesota
High tax burden · COL index 95
Wins 14 categories
New York
High tax burden · COL index 139
Wins 1 categories
New York's top income tax rate is 10.9% vs Minnesota's 9.85%. Cost of living in New York (index 139) runs 46% higher than Minnesota (index 95). Property taxes are meaningfully different: New York averages 1.4% annually vs Minnesota's 1.02%. The median home in New York costs $470K vs $335K in Minnesota.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
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Utilities & Daily Costs
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Category wins
14
Minnesota
1
New York
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Is Minnesota or NY colder?
Is Minnesota ranked #1 in quality of life?
BREAKING: New study ranks Minnesota at #1 in quality of life. The Midwest continues to punch above its weight. The top 10 states in order were: Minnesota, New Hampshire, Iowa, Vermont, Massachusetts, Nebraska, South Dakota, Wisconsin, North Dakota and Utah. What makes Minnesota special has always been our people.
Is $40,000 enough to live in New York?
Is Minnesota cheaper than NY?
Determine the income needed to maintain your lifestyle when moving to a new city. This is 61.5% lower than your current Pre-Tax income. Is it more expensive to live in New York or Minneapolis? Overall cost of living in Minneapolis, MN is 61.5% lower than in New York, NY.