Historical data
Pick an indicator to see its long-run evolution.
Cost of living index
2010–2024MERIC composite index, U.S. average = 100.
Cost of Living Index
Minnesota's overall cost of living index is 97.0 (U.S. average = 100), close to the national average, with affordable housing offsetting Twin Cities costs.
Regional Price Parity, all items
2008–2024BEA Regional Price Parities (SARPP line 1).
| Indicator | Minnesota | U.S. |
|---|---|---|
| Regional Price Parity, all items2024, BEA Regional Price Parities | 98.6 | 100 |
Housing Costs
Minnesota's housing cost index is 96 (U.S. average = 100), slightly below the national average.
Housing price parity (rents)
2008–2024BEA Regional Price Parities, housing (SARPP line 3).
| Indicator | Minnesota | U.S. |
|---|---|---|
| Housing price parity (rents)2024, BEA Regional Price Parities | 91.3 | 100 |
Utility Costs
Minnesota's utilities cost index is 99, close to the national average, though cold winters raise heating costs.
Utilities price parity
2008–2024BEA Regional Price Parities, utilities (SARPP line 4).
Electricity price per kWh (Minneapolis–St. Paul–Bloomington)
1979–2024BLS Average Price Data, annual average (APUS24A72610).
| Indicator | Minnesota | U.S. |
|---|---|---|
| Utilities price parity2024, BEA Regional Price Parities | 90.8 | 100 |
Food Costs
Minnesota's food and groceries index is 98, close to the national average.
Goods price parity
2008–2024BEA Regional Price Parities, goods (SARPP line 2).
| Indicator | Minnesota | U.S. |
|---|---|---|
| Goods price parity2024, BEA Regional Price Parities | 100.5 | 100 |
Healthcare Costs
Minnesota's healthcare cost index is 100, matching the national average, despite the state's renowned Mayo Clinic and medical device industry.
| Indicator | Minnesota | U.S. |
|---|---|---|
| Healthcare index | 100 | 100 |
Transportation Costs
Minnesota's transportation cost index is 97, with average gas prices around $3.05 per gallon, close to the national average.
Regular gasoline price
2001–2025U.S. EIA weekly retail price, all formulations, Minnesota, annual average (EMM_EPMR_PTE_SMN_DPG).
| Indicator | Minnesota | U.S. |
|---|---|---|
| Regular gasoline priceWeek of 2026-10-05, U.S. EIA weekly retail price | $4.2 per gallon | $4.35 per gallon |