(Last Updated – September 4,2025)

Nevada offers very different lifestyles, depending on the location you choose there. Large cities, like Las Vegas and Reno, attract those who crave 24/7 nightlife, entertainment, and access to thriving job markets in hospitality, health services, education, and tech. The state also welcomes those who prefer a more natural environment, offering access to outdoor recreation and natural landmarks, like Lake Tahoe and Great Basin National Park.

Like other states, Nevada has its downsides. The state’s extreme weather — three-figure heat during the summer and extreme cold in mountain areas — as well as relatively few job opportunities outside its major cities could discourage prospective Nevadans.

If you’re thinking about living in the Silver State, here’s what to know about the cost of living in Nevada.

What’s the Average Cost of Living in Nevada?

Average cost of living in Nevada: $54,054 per year

Nevada has the lowest cost of living among the states in the Far West, a category that includes Alaska, California, Hawaii, Oregon, and Washington.

The Missouri Economic Research and Information Center (MERIC) identifies the cost of living in the U.S. by state. The national index score is fixed at 100; the lower a state’s cost of living index (COLI) compared to the national baseline, the less expensive it is to live there. A COLI above 100 suggests a higher cost of living compared to the national average.

Nevada’s COLI is 99.5, slightly below the national index. The average cost of living in Nevada is significantly lower than coastal neighbors like California (141.6) and Oregon (112.7).

The Bureau of Economic Analysis breaks down the average Nevadan’s personal annual expenditures as follows.

The average monthly expenses Nevada residents can expect to pay comes to about $4,504 per person.

Housing Costs in Nevada

Median Housing Costs in Nevada: $1,622 to $1,867 per month

Housing options in Nevada are diverse — the state’s bustling cities offer modern high-rise living while its rural areas offer large plots of land. Nevada has 1,281,018 housing units as of August 25, 2025, according to the U.S. Census Bureau.

The average home value in Nevada’s housing market is $452,606, compared to The national average of $368,581. The average monthly mortgage payment in Nevada is $2,567.51. Whether you’re buying your first home in the state or you’re a repeat buyer, chances are you can find a place that’s relatively affordable.

Rental housing costs in Nevada, according to the latest census data, are as follows:

•  Median studio rent: $1,230

•  Median one-bedroom rent: $1,333

•  Median two-bedroom rent: $1,575

•  Median three-bedroom rent: $1,930

•  Median four-bedroom rent: $2,228

•  Median five-bedroom or more rent: $2,663

•  Median gross rent: $1,622

Below is a snapshot of what average home values are in different cities across the state, based on Zillow’s August 2025 data.

Utility Costs in Nevada

Average Utility Costs in Nevada: $388.62 per month

In addition to a monthly rent or mortgage payment, you’ll need to budget utility costs into your monthly cost of living in Nevada. Here are common utilities and the average monthly bill for each.

Food & Beverages

Average Food and Beverage Costs in Nevada: $380 per month

Monthly expenses for groceries and food vary, depending on your palate and appetite. Generally, Nevadans spend an average of $4,562 annually on food and beverages; this breaks down into about $380 per month, per person.

For a family of four, food expenditures work out to an average of $1,520 per month. According to the Council for Community and Economic Research, there’s not a dramatic difference in food costs in the two main cities.

Transportation

Average Transportation Costs in Nevada: $10,520 to $19,575 per year

A majority of Nevada households (92.9%) have at least one personal vehicle, according to a Forbes Advisor study. That research also found that the state tied with California for being the most expensive state in which to own a car. Larger cities offer public transit, like bus routes and intercity rail systems, as well as access to rideshare and taxis in metro and tourist areas.

The transportation costs households can expect depend on the number of family members per household. Here’s an example of how annual transportation expenses vary, based on MIT’s 2025 Living Wage Calculator.

Health Care in Nevada

Average Health Care Costs in Nevada: $7,198 per person, per year

The average amount that Nevada residents spend on health care is $7,198 per person, annually, according to the Bureau of Economic Analysis. This spending category, however, fluctuates based on multiple factors. Age, current health and pre-existing conditions, medical needs, and insurance coverage all contribute to the cost of health care in Nevada.

Child Care

Average Child Care Costs in Nevada: $808 to $1,109 per child, per month

Child care is often a significant expenditure for families. Certain types of child care in Nevada have monthly costs in four figures, almost as high as the average rent in the state. Households with one or more children face a significantly higher cost of living in Nevada than those that don’t require child care.

Here are average costs of care per month in Nevada, per child, based on data from CostofChildCare.org.

Taxes

Average Taxes in Nevada: No statutory state income tax.

Nevada is one of eight U.S. states that don’t impose a statutory state income tax, according to the Tax Foundation. This can be a big draw for many people who are interested in moving to Nevada.

Miscellaneous Costs

After budgeting for the essential monthly cost of living in Nevada, you’ll likely want to have funds set aside for discretionary spending. Here are a handful of the diverse leisure experiences that the state offers.

•  The Sphere Experience in Las Vegas: $182 to $300+, before fees

•  Sand Harbor State Park entrance fee: $10 for residents

•  Las Vegas Raiders Stadium Ticket: Starting at $211

•  Entrance to Lake Mead National Park: $15-$25 for a standard pass

Thanks to the mix of activities available in the state, there’s something to do for all budget ranges.

How Much Money Do You Need to Live Comfortably in Nevada?

How much you need to earn to maintain a comfortable lifestyle in Nevada depends on many individual factors. For example, family size, location, and lifestyle all contribute to how far your income will stretch in Nevada.

That said, there are metrics about how much you need to live in Nevada, though living comfortably may require a bit more. The cost of living for one Nevadan is $54,054 per year, and MIT’s 2025 Living Wage Calculator finds that a living wage for a single, working adult who doesn’t have a child is $23.85 per hour. By way of comparison, the breadwinner in a family of four with only one working adult must make $43.20 hourly.

According to the U.S. News & World Report’s state rankings, Nevada comes in at 34th for affordability, and MERIC ranks Nevada in the middle of the pack with a cost of living index score of 99.5.

What City Has the Lowest Cost of Living in Nevada?

When it comes to the average cost of living in Nevada, there can be significant variations in different areas. Below is a brief comparison of the state’s two major metropolitan areas, based on data from the Council for Community and Economic Research’s 2024 Cost of Living Index.

Las Vegas, Nevada

With a population of 641,903, the Las Vegas metro area is located in southern Nevada. It’s part of Clark County and
includes the Henderson and Paradise areas. Its landmark — the Las Vegas Strip — is famous for its vibrant nightlife,
gambling, entertainment, and world-class dining. It has a COLI of 98.5, just under the national score.

Reno, Nevada

Reno-Sparks, Nevada has a COLI of 104.1. It’s located in the Truckee Meadows, east of the Sierra Nevada mountains.
The metropolitan area includes two counties, Washoe and Storey. As many as 264,165 residents live in Reno and
108,445 in Sparks. Lake Tahoe offers residents nearby access to outdoor activities, like skiing, hiking, and water
recreation. The area is also becoming a hotspot for the tech industry, drawing companies and talent from all areas
of the country.

Helpful Resources for Future Nevada Residents

(Last Updated – September 4,2025)

Nebraska lies in the heart of the Midwest and is one of the fastest-growing states in the region, according to the U.S. Census Bureau. Along with rolling plains and a vibrant college football scene, Nebraska boasts a thriving economy that attracts plenty of jobseekers.

What is the cost of living in Nebraska like compared to the rest of the U.S.? It may come as no surprise to learn that the Cornhusker State is an affordable place to call home. Keep reading to learn more about the cost of living in Nebraska and how it may fit your budget.

What’s the Average Cost of Living in Nebraska?

Average cost of living in Nebraska: $52,177 per year

Before you move to Nebraska, it’s wise to assess the impact on your monthly budget. The Bureau of Economic Analysis puts the average cost of living in Nebraska at $52,177 annually. Based on that figure, you’d need $4,348 in monthly income to live here. Overall, it’s one of the best affordable places in the U.S.

Speaking of the cost of living in the U.S., Nebraska ranks 16th, according to the Missouri Economic Research and Information Center (MERIC). It’s not the cheapest place to live, but it’s nowhere near the most expensive either.

Here’s how average consumer spending in Nebraska breaks down.

Housing Costs in Nebraska

Average Housing Costs in Nebraska: $885 to $1,896.64 per month

Whether you’re buying your first home or you’re a repeat buyer, there are plenty of homes in Nebraska, many of which sell at reasonable prices. There are also many lenders to choose from as you begin the mortgage preapproval process.

The average home value in Nebraska was $276,711 in August 2025, according to Zillow. The median sale price, meanwhile, was $281,650, significantly below the national median sale price of $371,300. The average monthly mortgage payment is $1,897.

Here’s what you can expect to spend on housing monthly in Nebraska if you’re renting.

Where you live in Nebraska can make a difference in what you pay for a home. Here’s how the average home value compares in selected Nebraska cities, according to Zillow.

Prices are within a normal range for the most part, which lowers the odds of needing a jumbo loan to buy a home.

Recommended: What Are the Different Types of Home Mortgage?

Utility Costs in Nebraska

Average Utility Costs in Nebraska: $311.52 per month

Housing may be your biggest expense, but utilities can also add up. Here’s what you’ll pay for utility services in Nebraska monthly.

Note that these figures don’t include sewer or cell phone service, which can increase your overall expenditures.

Food & Beverages

Average Cost of Food and Beverages in Nebraska: $325 per month, per person

Rising grocery prices can instantly increase your cost of living. According to the Bureau of Economic Analysis, Nebraskans spend an average of $3,904 per capita on food annually. The average monthly expenses for one person works out to about $325, which adds up to $1,300 for a family of four.

Where you live in Nebraska can determine how much you pay for groceries. The Council for Community and Economic Research ranks food costs for major American cities. Here’s how grocery prices compare for the Nebraska cities surveyed, from lowest to highest.

Transportation

Average Transportation Costs in Nebraska: $10,958 to $19,720 per year

Getting around in Nebraska can add up if you’re paying for gas, vehicle maintenance, and insurance. Public transportation is available in larger cities like Omaha and Lincoln, but if you live in the suburbs or a rural area, you’ll need a vehicle to go from A to B.

Here’s how the average cost of transportation in Nebraska breaks down, according to MIT’s Living Wage Calculator.

Health Care in Nebraska

Average Health Care Costs in Nebraska: $9,572 per year, per person

The average Nebraska resident pays $9,572 for health care each year, according to the Bureau of Economic Analysis. That’s just shy of $800 per month for doctor visits, medications, and other health care expenses.

Your actual health care spending will depend on your medical history, age, and insurance coverage.

Child Care

Average Child Care Costs in Nebraska: $922 to $1,196 per month, per child

Child care can easily be one of the biggest expenses households face. In Nebraska, families pay anywhere from $922 to $1,196 per month on average for child care for a single child.

The amount you’ll pay depends on the level of care your child needs and the number of children you have. Here’s a sample of how child care costs in Nebraska compare, according to CostofChildCare.org.

Taxes

Highest Marginal Tax Rate in Nebraska: 5.20%

Nebraska has a graduated income tax system that assesses higher tax rates at higher levels of income. The highest marginal tax rate is 5.2%, which applies to single filers with incomes above $38,870 and married couples earning more than $77,730, according to the Tax Foundation.

Where you live in Nebraska can determine what you pay in property taxes. Here’s how the typical property tax bill compares across selected Nebraska counties.

Miscellaneous Costs

Average Miscellaneous Costs in Nebraska: $28,953 per year

The typical Nebraskan spends $28,953 per year on miscellaneous expenses, according to the Bureau of Economic Analysis. Miscellaneous expenses are anything you might spend money on after you’ve paid for essentials like housing, utilities, food, health care, transportation, and child care.

Here’s a sampling of how costs to various Nebraska attractions compare if you’re looking to have a little fun as a family.

•   Trek the Omaha Zoo with kids: $22.50 to $31.95, depending on age and military status

•   Take in the sights at the Scotts Bluff National Monument: Free

•   Explore Indian Cave State Park: $7 to $14 for daily permits

•   Get to know the local history at the Chimney Rock museum: $4 to $8 (kids under four are free)

How Much Money Do You Need to Live Comfortably in Nebraska?

As mentioned earlier, the cost of living in Nebraska is $52,177 per year. Beyond that, the amount of money you need to live comfortably in Nebraska depends largely on your preferred standard of living. Nebraska comes in 12th in U.S. News & World Report’s Affordability rankings, so it’s not unreasonable to assume you could live fairly well here, even on a smaller income.

Creating an estimated budget can help you decide if you can afford the cost of living in Nebraska. Look at essential expenses, from housing to transportation to food, then compare the average cost of each one with your expected income to gauge how affordable Nebraska is likely to be for you.

Recommended: Do You Qualify as a First -Time Homebuyer?

What City Has the Lowest Cost of Living in Nebraska?

Some Nebraska cities are more affordable than others. Comparing the cost of living can help you narrow down which cities are the best fit for your budget. Here’s a look at how costs compare in three Nebraska cities, using data from the Council for Community and Economic Research’s Cost of Living Index for 2024.

Hastings

Hastings is one of the most affordable cities in Nebraska, with an affordability index of 85.7 (compared to the
national average of 100). The average value for homes is $206,242, according to Zillow.

Lincoln

Lincoln has an affordability index of 93.8, which actually makes it slightly more expensive than Omaha. The average
value of homes is $289,468, while the average renter pays $1,308 per month. Like other Nebraska cities, home prices
and rent prices in Lincoln have experienced a slow but steady upward trend over the last year.

Omaha

Omaha is Nebraska’s most populous city and many people move here to take advantage of job opportunities and good
schools. Traffic is a little heavier but there’s also plenty to do, whether you prefer the arts or the nightlife
scene. So, what is the cost of living in Omaha, Nebraska?

It scores a 93.1 on the cost of living index, making it surprisingly affordable for a larger city. The average home value is $293,272, according to Zillow. Renters, meanwhile, pay $1,443 on average.

Helpful Resources for Future Nebraska Residents

(Last Updated – September 5,2025)

Known for its scenic river towns, vibrant musical and literary heritage, and warm hospitality, Mississippi draws people looking for a slower pace of life and a lower cost of living.

The state isn’t for everyone, though. While it’s more affordable than other areas of the country, some Mississippians leave looking for better economic opportunities and access to stronger health care and education systems.

Here’s what you need to know about the cost of living in the Magnolia State.

What’s the Average Cost of Living in Mississippi?

Average Cost of Living in Mississippi: $42,131 per year

Mississippi is among the most affordable places in the U.S. In fact, it’s the second-cheapest state to live in, right after Oklahoma, according to data from the Missouri Economic Research and Information Center (MERIC).

MERIC gives each state a cost of living index (COLI) number. The national average of 100 serves as the baseline. A COLI that falls under 100 means a state is less expensive than the national average, and a COLI higher than 100 indicates that it’s more expensive.

As of the first quarter of 2025, Mississippi’s COLI number is 87.3. Compare this to the COLI numbers of neighboring states Alabama (87.6), Louisiana (93.2), Texas (91.8), and Florida (102.0).

Each year, the average Mississippian spends around $42,131, according to the U.S. Bureau of Economic Analysis Cost of Living Index. That translates to average monthly expenses of $3,511 per person.

Here’s a look at how that breaks down with the average annual per capita cost of some common expenses.

Source: The Bureau of Economic Analysis, Personal Consumption Expenditures by State

Housing Costs in Mississippi

Median Housing Costs in Mississippi: $716 to $1,353 per month

Whether you’re a first-time home buyer or relocating to a new town within the state, Mississippi’s affordable housing is an obvious draw. There are roughly 1.35 million housing units in Mississippi, 69.5% of which are owner occupied, according to figures from the U.S. Census Bureau.

The average home value was $191,607 as of August 2025, according to Zillow. Values were up 0.9% from the year before. Compare that to the average price of all homes in the United States, which was $368,581, up an average of 0.3% from the year before.

The monthly cost to keep a roof over your head in Mississippi, according to the latest census data:

•  Median monthly mortgage home loan cost: $1,353

•  Studio: $716

•  1 bedroom: $724

•  2 bedroom: $859

•  3 bedroom: $1,039

•  4 bedroom: $1,130

•  5 or more bedrooms: $1,255

•  Median gross rent: $898

When talking about real estate, the mantra is location, location, location. The Magnolia State is no exception. Home values here will vary greatly by city.

Here are typical home values for Mississippi’s top cities, according to Zillow’s August 2025 data.

Recommended: Jumbo Loans

Utility Costs in Mississippi

Average Utility Costs in Mississippi: $370.07 per month

The amount you pay for a mortgage or rent isn’t the only thing you’ll need to keep your household going. Be sure to factor in utilities as part of your average monthly expenses.

Groceries & Food

Average Grocery & Food Costs in Mississippi: $335.17 per person per month

Average costs for food and beverages in Mississippi are about $335.17 per person per month, according to the Bureau of Economic Analysis. Costs will be higher for larger families. An average family of four can expect to pay closer to $1,340.67 a month for groceries.

The Council for Community and Economic Research monitors grocery costs across the country. Here are comparative grocery costs in Mississippi for 2024, from lowest to highest. Remember, the number 100 represents the national average.

Transportation

Average Transportation Costs in Mississippi: $10,929 to $20,336 per year

Public transit is a challenge in Mississippi. Each part of the state does have public transportation systems that service the area, with 60 total providers making 5 million trips per year. There are also two Amtrak routes that connect the state. Unsurprisingly, many people rely on their own cars to get around, which means paying for fuel and auto maintenance.

Here are estimated monthly costs per MIT’s Living Wage Calculator:

Health Care in Mississippi

Average Health Care Costs in Mississippi: $7,645 per person, per year

Average annual per capita health care cost for residents of Mississippi usually hovers around $7,645, according to the Bureau of Economic Analysis Personal Consumption Expenditures report.

However, the amount you pay will depend on a variety of factors, including your health care coverage, age, and health conditions.

Child Care

Average Child Care Costs in Mississippi: $768 to $1,098 per child, per month

As any parent knows, the monthly cost of child care for young children depends largely on the age of the child and what kind of care they are receiving. Here’s a look at monthly costs according to type of classroom or if a child is cared for at home, per CostofChildCare.org.

Taxes

Average Taxes in Mississippi: 4.4% flat tax

Mississippi has a flat individual income tax rate of 4.4%. By contrast, the federal government has a progressive income tax with a top rate of 37% for the wealthiest individuals in 2025.

The state also has an effective property tax rate of 0.70% on the value of owner-occupied housing, as well as a sales tax of 7%. Municipalities may assess their own sales tax, and the average combined state and local sales tax is 7.06%.

Here’s how Mississippi compares to neighboring states.

Recommended: Mortgage Refinance

Miscellaneous Costs

Once you’ve covered necessary expenses for living, there’s plenty of fun and culture to be had in the Magnolia State. Here’s how much some popular activities will set you back.

•  Birthday of Elvis Presley: Entrance to this Tupelo attraction is $12 for adults and $5 for children.

•  Ohr-O’Keefe Museum of Art: This art museum, with buildings designed by Frank Gehry, houses a collection of pottery by the so-called “Mad Potter of Biloxi” George E. Ohr. Entrance is $12 for adults and $6 for students.

•  Delta Blues Museum: Celebrate Mississippi’s deep musical history at this Clarksdale attraction. General admission is $15 for adults and $10 for students.

•  The Mississippi Aquarium: This Gulfport attraction boasts a 5.8-acre campus, complete with indoor and outdoor attractions and more than 200 species of aquatic animals. Adult admission day of is $32.95 for ages 13 to 64, and $27.95 for children 3 to 12.

How Much Money Do You Need to Live Comfortably in Mississippi?

What is the cost of living in Mississippi if you want to live comfortably? The answer to this question depends on the number of people in your family as well as subjective factors, like how you define comfort.

What we can say is that living in Mississippi is generally inexpensive. The state is ranked second in affordability by the U.S. News and World Report, right behind Arkansas. And as we mentioned, Mississippi boasts one of the lowest costs of living nationwide, surpassed only by West Virginia. That means your money will go farther in Mississippi than it will in most other states, potentially allowing you to buy a bigger home and afford a larger family.

What City Has the Lowest Cost of Living in Mississippi?

While Mississippi is generally an affordable place to live, there are cities that are more budget-friendly. Here are a few of the lowest-cost cities in the state, courtesy of the Council for Community and Economic Research’s 2024 Cost of Living Index.

Tupelo

Tupelo, located near the Northeast corner of the state, has the lowest cost of living in Mississippi, with an index
of 82.7. But there’s more to the city than its affordability. It also enjoys a revitalized downtown, a noteworthy
live music scene (it is the home of Elvis Presley, after all), and a community calendar brimming with
events.

Hattiesburg

There are lots of reasons to put Hattiesburg on your list of must-see spots. The University of Southern Mississippi
and William Carey College, both of which call the city home, regularly bring in best-in-class arts and entertainment
events. The city also boasts award-winning restaurants, charming shops and cafes, and plenty of parks and
recreational activities. And when you’re ready to get out of town, New Orleans, Jackson, the Mississippi Gulf Coast,
and Mobile, Ala., are all a short drive away.

Jackson

A few years ago, Mississippi’s capital city turned 200, but in many ways, the celebration continues today. A
diverse culinary scene, vibrant arts districts, and nationally acclaimed cultural attractions like the Mississippi
Civil Rights Museum have helped land Jackson on many best-of lists. However, in recent years, the city has also
struggled with public safety concerns and issues with clean drinking water.

Helpful Resources for Future Mississippi Residents

(Last Updated – September 4,2025)

Minnesota is one of the best-kept secrets in the U.S. It hasn’t experienced a huge population boom, but does have many attractive features that make it a great place to call home. It has a strong job market, with just a 3.2% unemployment rate that’s a full point lower than the national average. There’s also a healthy balance of big cities and big nature opportunities, not to mention multiple professional sports teams to cheer on from the stands.

So how does the average cost of living in Minnesota compare to the rest of the country? Here’s everything you need to know about living — and spending — in the North Star State.

What’s the Average Cost of Living in Minnesota?

Average Cost of Living in Minnesota: $56,489 per year

Minnesota ranks 18th in lowest cost of living in the U.S., according to the 2025 Cost of Living Index from the Missouri Economic Research and Information Center (MERIC). Its cost of living index number is 93.7, which puts it below the national baseline score of 100. It’s cheaper than some neighboring states like Wisconsin and Illinois, but still more expensive than others, such as Iowa, North Dakota, and South Dakota.

The average state resident spends $56,489 on personal expenditures each year, according to the Bureau of Economic Analysis. In other words, the average cost of living in Minnesota per month averages $4,707, or $18,829 for a family of four.

Here’s what the average yearly costs look like for common bills in Minnesota.

Housing Costs in Minnesota

Median Housing Costs in Minnesota: $995 to $1,813 per month

Housing is more affordable in Minnesota compared to the rest of the country. As of August 2025, the state’s median home value is $351,614 according to Zillow, compared to $368,581 nationally.

Areas located near water are quite a bit more expensive, however. The median home value in Lake Shore, for instance, is $700,120 — roughly double Minnesota’s overall number. But that does mean you likely won’t need a jumbo loan due to the high cost of living, no matter where you settle down.

Here’s a snapshot of what monthly costs renters can expect to pay, according to the U.S. Census Bureau data.

•  Studio: $995

•  1 bedroom: $1,127

•  2 bedroom: $1,326

•  3 bedroom: $1,622

•  4 bedroom: $1,813

•  5 or more bedrooms: $1,682

•  Median gross rent: $1,264

Considering a specific area in Minnesota when buying your first home? Here are the median home values in some of the state’s largest cities, according to Zillow.

These price ranges allow buyers to choose from several different types of home loans, like conventional and FHA. Starting out with the mortgage preapproval process can help you prepare for home shopping at the right price point in Minnesota.

Recommended: What Are the Different Types of Mortgage Loans?

Utility Costs in Minnesota

Average Utility Costs in Minnesota: $312.78

Utility costs are a must-have part of monthly expenses for one person. Here’s what you can expect to pay when you live in Minnesota.

Groceries & Food

Average Food & Beverage Costs in Minnesota: $310 per month

The Bureau of Economic Analysis estimates that food and beverage costs average $3,721 per year in Minnesota. So for your monthly budget, expect to spend around $310 per person, or $1,240 for a family of four.

How do grocery costs in Minnesota cities stack up against the country as a whole? The Council for Community and Economic Research’s Grocery Items Index sets a national baseline score of 100. Anything below that is under the national cost of living average, while higher numbers are above the national average.

Transportation

Average Transportation Costs in Minnesota: $10,019 to $18,643 per year

Driving a vehicle is the easiest way to get around broader Minnesota, but you also have public transportation options in some areas. In Minneapolis-St. Paul, for instance, you can choose from METRO options like train and light rail.

To get a sense of how much transportation costs in Minnesota, check out this snapshot of different family structures and average annual costs, according to MIT’s Living Wage Calculator.

Health Care in Minnesota

Average Health Care Costs in Minnesota: $9,839 per person per year

Health care costs for Minnesota residents average just over $9,800 per year, according 2023 estimates from the Bureau of Economic Analysis. For a family of four, that amounts to $39,356 annually.

Minnesota is on par with health care costs in other states in the Plains regions. The two most expensive states in the area are North Dakota and South Dakota, both averaging more than $11,000 per person each year.

Child Care

Average Child Care Costs in Minnesota: $1,002 to $1,658 per child, per month

Child care costs can add a lot to your monthly budget. The amount you’ll spend on each child depends on their age as well as the type of classroom they’re in. Explore different averages in Minnesota to get a sense of what to expect using the data below from CostofChildCare.org.

Taxes

Maximum Income Tax Rate in Minnesota: 9.85%

The highest-earning residents in Minnesota will pay 9.85% marginal tax rate in addition to federal taxes. Additionally, the state has a 1% high earners’ capital gains surtax, which applies to gains over $1 million.

These tax rates are much higher than Minnesota’s neighbors; the next closest tax rate is Wisconsin with 7.65%. South Dakota, on the other hand, has no state income tax at all.

Miscellaneous Costs

There’s plenty to do throughout the year in Minnesota. But what is the cost of living in Minnesota after your necessary expenses? Here are the average prices of some popular outings.

•  Minnesota Twins baseball game: Starting at $20

•  Cave tour at Forestville/Mystery Cave State Park: $15

•  Minneapolis Institute of Art: Free general admission

•  All-day kayak rental at Chain of Lakes: $80

Plus, there are plenty of parks and other outdoor excursions to enjoy at no cost.

How Much Money Do You Need to Live Comfortably in Minnesota?

Everyone has a different level of comfort when it comes to spending and saving. According to the U.S. News and World Report Affordability Ranking, Minnesota comes in 29th out of the 50 states for overall affordability. But it’s also listed as the 4th best state overall, and the 7th best state for opportunity, making it one of the best affordable places in the U.S.

MERIC’s cost of living data series also puts Minnesota below the national average, with a 93.7 cost of living index score. The nation as a whole is set at a score of 100, so things are cheaper in Minnesota compared to many other states.

What City Has the Lowest Cost of Living in Minnesota?

Here’s how the cost of living in Minnesota varies based on four well-known cities in the state: Mankato, Minneapolis, St. Cloud, and St. Paul.

Mankato

Located south of Minneapolis, Mankato is a large town with a big personality. It’s home to a number of colleges and
universities, ensuring a lively atmosphere. In terms of cost of living, Mankato has an overall index score of 95.1
and a very affordable housing score of 79. Groceries, however, may feel a little more expensive, thanks to a higher
food score of 103.6.

Minneapolis

Minneapolis is a large city that offers both indoor and outdoor fun. It has a number of lakes in the area, plus
popular area attractions like the Mall of America. And you may even have some extra cash for shopping. Minneapolis
has an overall cost of living of 93.6, and its housing score is 82.9.

St. Cloud

St. Cloud is a small city located in the center of Minnesota, with ice skating in the winter at the Lake George
skating rink and lush landscape walks in the warmer months at the Munsinger/Clemens Gardens. Cost of living is below
average across the board in St. Cloud, with scores of 97.6 overall, 97.1 for groceries, and 80.8 for housing.

St. Paul

St. Paul is a walkable city with tons of architectural charm. The overall cost of living score is 94, while housing
is just 81.3. Groceries, however, score the highest out of the four cities listed here, at 105.2.

Helpful Resources for Future Minnesota Residents

(Last Updated – September 3,2025)

Michigan is known for its lakeside coastlines and for being the heart of America’s automotive legacy. Its lush forests and majestic lakes are a favorite among outdoor recreation enthusiasts, while affordable housing and urban revitalization efforts in major metropolitan cities, like Detroit, attract new residents.

The state’s natural beauty and economic promise, however, are balanced against extreme winter weather and an unstable job market outside the biggest metros. If you’re thinking about relocating to the Great Lakes State, here’s what to know about the cost of living in Michigan.

What’s the Average Cost of Living in Michigan?

Average Cost of Living in Michigan: $52,210 per year

Michigan is in the top 10 of states with the lowest cost of living, according to the Missouri Economic Research and Information Center (MERIC). The national index is fixed at 100, so the lower the index number, the lower the state’s cost of living (and vice versa).

Michigan ranked eighth, with a cost of living index of 89.8.

The average annual cost of living here is $52,210 per person, according to the U.S. Bureau of Economic Analysis Cost of Living Index. That translates to average monthly expenses of $4,350 per person.

Here’s what that looks like when broken down by spending categories.

Source: The Bureau of Economic Analysis, Personal Consumption Expenditures by State

Housing Costs in Michigan

Median Housing Costs in Michigan: $837 to $1,521 per month

As of July 1, 2024, there were approximately 4.6 million housing units in Michigan, according to the U.S. Census Bureau. August 2025 Zillow data revealed that the average home value in Michigan is $262,505. This is lower than the average U.S. home value of $368,581 — good news for first-time homebuyers on a budget.

Below is generally what you can expect to pay for housing, based on the latest Census data:

•  Median monthly mortgage home loan cost: $1,521

•  Median studio rent: $837

•  Median one-bedroom rent: $900

•  Median two-bedroom rent: $1,148

•  Median three-bedroom rent: $1,270

•  Median four-bedroom rent: $1,386

•  Median five-bedroom or more rent: $1,405

•  Median gross rent: $1,101

The city you settle into greatly impacts housing costs. Here’s a snapshot of average home values across various Michigan cities, per Zillow.

Of course, Michigan home prices can vary substantially depending on where you are in the state. Here are the typical home prices in 10 major Michigan cities, according to Zillow, in August 2025.

If you’re interested in buying a home in Michigan, finding down payment assistance programs can help.

Recommended: Jumbo Loans

Utility Costs in Michigan

Average Utility Costs in Michigan: $330.62 per month

In addition to housing expenses, you’ll want to budget for other costs, like utility services. Here’s how much it costs to keep the lights on in the average Michigan household.

Sources: U.S. Energy Information Administration, Electric Sales, Revenue, and Average Price, 2023; Statista.com, “Average monthly residential utility costs in the United States in 2023, by state; DoxoInsights, U.S. Cable & Internet Market Size and Household Spending Report 2023; and Rentcafe.com, What Is the Average Water Bill?

Groceries & Food

Average Food & Beverage Costs in Michigan: $348 per month

According to the Bureau of Economic Analysis, the average monthly food and beverage cost for Michiganders is $348. For a family of four, grocery and food expenses climb to $1,392 per month.

Some metropolitan regions in the state have a grocery item index below the national average of 100. One exception is Detroit-Dearborn-Livonia metro, which has an index of 101 — slightly higher than the national average.

Source: The Council for Community and Economic Research – Cost of Living Index, 2024 average

Transportation

Average Transportation Costs in Michigan: $10,166 to $18,917 per year

Generally, Michigan residents rely on personal vehicles as their primary transportation. Residents in large cities, like Detroit and Ann Arbor, have access to public city buses, Amtrak rail, and downtown-specific services, like the QLINE streetcar, which can help reduce transportation expenses.

Source: MIT’s Living Wage Calculator, 2025

Health Care in Michigan

Average Health Care Costs in Michigan: $8,381 per person, per year

The Bureau of Economic Analysis’ Personal Consumption Expenditures report found that the average health care costs in Michigan was $8,381 per person, annually.

Health expenses are highly variable, though. Your actual expense will depend on your age, current medical needs and treatments, and level of health insurance coverage, among other factors.

Child Care

Average Child Care Costs in Michigan: $878 to $1,135 per child, per month

Child care is generally a significant monthly expense for parents, and it’s no different for families in Michigan. The average monthly cost of child care in the state for just one child rivals the cost of one month’s rent for a two-bedroom unit.

Below are average child care costs, based on the type of care needed.

Source: CostofChildCare.org

Taxes

Marginal Tax Rate in Michigan: 4.25%

Individual Michigan residents pay a flat marginal state income tax rate of 4.25%, according to the Tax Foundation’s 2025 State Individual Income Tax Rates and Brackets report. Consumers in the state also face a 6% sales tax on goods and services.

Let’s take a look at how Michigan stacks up against a couple of neighboring states.

Miscellaneous Costs

After budgeting for essential monthly expenses, Michigan residents can use their remaining discretionary income toward the state’s entertainment and iconic food options. Here are some to consider:

•  The Henry Ford Museum: $38 for regular price general admission

•  Ferry ticket: $38 round trip

•  Pictured Rocks National Lakeshore: Up to $25 for a standard pass

•  Coney dog: $2.60

If your budget feels tight each month, reducing your miscellaneous costs is the first step to maintaining a manageable lifestyle in Michigan.

How Much Money Do You Need to Live Comfortably in Michigan?

What constitutes a “comfortable lifestyle” is subjective and differs from person to person. Factors like the number of people in your household and your personal priorities also influence how much you’ll need to live your preferred lifestyle. And remember, the cost of living in the U.S. varies depending on your exact location.

One way to gauge whether Michigan is a financially comfortable place to live is by evaluating its affordability. U.S. News and World Report’s Affordability Ranking placed Michigan at 23rd on the list of most affordable states — solidly in the middle. Additionally, MERIC’s cost of living index put Michigan below the national average for cost of living.

Recommended: Best Affordable Places in the U.S.

What City Has the Lowest Cost of Living in Michigan?

According to the Council for Community and Economic Research, Benton Harbor and Kalamazoo are two Michigan cities that offer affordable living.

Benton Harbor, Michigan

Benton Harbor, located southwest of Grand Rapids and near St. Joseph, offers lakefront living and a vibrant Arts District and culture. Its low cost of living, at 63.7, makes it an exceptionally affordable city to call home.

Kalamazoo, Michigan

Kalamazoo attracts students to the city, thanks to the multiple colleges and universities within its borders. Though it’s located between Detroit and Chicago, there’s plenty to do and see right here in town, including festivals, museums, and more. The city’s various amenities, coupled with housing costs that are about 40% cheaper than the national average, makes it an appealing place to live for young professionals and families.

Helpful Resources for Future Michigan Residents