Minnesota
High tax burden · COL index 95
Wins 13 categories
New York
Very High tax burden · COL index 139
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
13
Minnesota
0
New York
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Is Minnesota cheaper than New York?
Overall cost of living in New York, NY is 159.7% higher than in Minneapolis, MN. The average listing price for a home in New York, NY is $3,020,778, which is 644.4% higher than Minneapolis, MN. The average cost of groceries in New York, NY is 14.7% higher than Minneapolis, MN.
Is $70,000 enough to live in NYC?
For a couple who wants to live in a two-room apartment and cover all other expenses, a good option would be to earn between $60,000 and $80,000 per year for each partner. Families with children should aim for an annual income of more than $70,000 per person.
Is moving to Minnesota a good idea?
Where is the city that never sleeps?