Quick answer
Prices in Minnesota were 1.4% below the US average in 2024 (Regional Price Parity 98.6, US = 100), with a housing-rent index of 91.3, per the U.S. Bureau of Economic Analysis.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities (2024)
| Category | Price index (US = 100) |
|---|---|
| All items | 98.621 |
| Goods | 100.519 |
| Housing (rents) | 91.281 |
| Utilities | 90.836 |
| Other services | 100.213 |
| — All items by year — | |
| 2024 | 98.621 |
| 2023 | 98.302 |
| 2022 | 97.457 |
| 2021 | 98.396 |
| 2020 | 97.766 |
| 2019 | 98.759 |
Related
- Cost of living: Minneapolis, MN vs Virginia Beach, VA (2024)
- Cost of living: Washington, DC vs Minneapolis, MN (2024)
- Cost of living in Minneapolis-St. Paul-Bloomington, MN-WI vs US average (2024)
- Cost of living in Minot, ND vs US average (2024)
- Cost of living in Mississippi vs US average (2024)
- Cost of living in Missoula, MT vs US average (2024)
- Cost of living in Missouri vs US average (2024)
- Cost of living in Mobile, AL vs US average (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.