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Moving to Minnesota in 2024? Complete Moving Guide
This is a complete guide for Moving to Minnesota.
Get all the information you need to know about moving to Minnesota.
Are You Thinking Of Moving To Minnesota?
Minnesota is a captivating state known for its natural beauty, vibrant culture, and diverse communities. Whether you're considering a move for work, lifestyle, or educational opportunities, it's essential to have a comprehensive understanding of what Minnesota has to offer. This guide aims to provide detailed insights into various aspects of the state to assist you in making an informed decision.
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Quick Facts of Minnesota
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Top reasons to move to Minnesota
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Pros & Cons of Living in Minnesota
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Best Neighborhoods in the Minnesota
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Cost of living in Minnesota
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Minnesota job market
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Major industries in Minnesota
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Top Career Options in Minnesota
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Best things to do in Minnesota
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Education System in Minnesota
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Type of insurance required in Minnesota
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Taxes in Minnesota
Minnesota Demographics
Minnesota boasts a diverse population with a mix of urban and rural areas, offering a unique blend of cultures and lifestyles.
Male vs Female Population of Minnesota 2022
| Gender | Population | Percentage |
|---|---|---|
| Male | 2,574,875 | 49.6% |
| Female | 2,613,412 | 50.4% |
| Total | 5,188,287 | 100% |
Source: U.S. Census Bureau, Population Estimates Program (PEP), 2022
Male vs Female Population by Age Groups in Minnesota 2022
| Age Group | Male | Female | Total |
|---|---|---|---|
| 0-4 | 140,927 | 135,841 | 276,768 |
| 5-9 | 144,089 | 137,791 | 281,880 |
| 10-14 | 151,238 | 145,302 | 296,540 |
| 15-19 | 147,622 | 141,594 | 289,216 |
| 20-24 | 122,865 | 125,428 | 248,293 |
| 25-29 | 118,203 | 123,115 | 241,318 |
| 30-34 | 114,356 | 120,501 | 234,857 |
| 35-39 | 116,277 | 120,462 | 236,739 |
| 40-44 | 120,510 | 123,977 | 244,487 |
| 45-49 | 125,610 | 129,839 | 255,449 |
| 50-54 | 131,059 | 136,369 | 267,428 |
| 55-59 | 131,512 | 137,567 | 269,079 |
| 60-64 | 117,876 | 124,943 | 242,819 |
| 65-69 | 94,017 | 102,398 | 196,415 |
| 70-74 | 76,547 | 86,313 | 162,860 |
| 75-79 | 52,314 | 63,385 | 115,699 |
| 80-84 | 34,651 | 47,174 | 81,825 |
| 85+ | 32,213 | 54,113 | 86,326 |
Source: U.S. Census Bureau, Population Estimates Program (PEP), 2022
Population Distribution by Ethnicity in Minnesota 2022
| Ethnicity | Population | Percentage |
|---|---|---|
| White alone | 4,110,312 | 79.2% |
| Hispanic or Latino | 338,597 | 6.5% |
| Black or African American alone | 365,419 | 7.0% |
| Asian alone | 311,481 | 6.0% |
| American Indian and Alaska Native alone | 69,452 | 1.3% |
| Native Hawaiian and Other Pacific Islander alone | 12,026 | 0.2% |
| Two or More Races | 159,853 | 3.1% |
Source: U.S. Census Bureau, Population Estimates Program (PEP), 2022
Quick Facts of Minnesota
Here are some quick facts about Minnesota to acquaint you with the state:
- Area: Minnesota is the 12th largest state in the U.S. by area.
- Lakes: The state is known as the "Land of 10,000 Lakes," boasting over 11,000 lakes.
- Mall of America: Minnesota is home to the Mall of America, the largest shopping mall in the United States.
- Climate: The state experiences a continental climate with cold winters and hot summers.
- Healthcare: Minnesota is renowned for its robust healthcare system and is home to the Mayo Clinic, a world-renowned medical institution.
- Twin Cities: Minneapolis-Saint Paul, commonly referred to as the Twin Cities, is the largest metropolitan area in the state.
- Education: The state has a strong emphasis on education, with numerous renowned colleges and universities.
- Economy: Minnesota's economy is diverse, with significant contributions from industries such as healthcare, manufacturing, technology, and agriculture.
Top reasons to move to Minnesota
Consider the following factors that make Minnesota an appealing destination:
- Minnesota offers a plethora of opportunities and attractions that make it an enticing destination for relocation: Quality of Life: Minnesota consistently ranks high in quality of life indices due to its excellent healthcare, education, and recreational amenities.
- Educational Excellence: The state is home to top-ranked educational institutions, providing quality education from kindergarten to higher education.
- Economic Opportunities: Minnesota boasts a diverse economy with thriving industries, offering ample job opportunities and a competitive business environment.
- Natural Beauty: From picturesque lakes and forests to scenic landscapes, Minnesota's natural beauty provides abundant opportunities for outdoor recreation and exploration.
- Cultural Richness: Minnesota's diverse population contributes to a vibrant cultural scene, featuring arts, music, festivals, and culinary delights from around the world.
- Community Spirit: Minnesota prides itself on its strong sense of community and neighborly camaraderie, fostering a welcoming and inclusive environment for residents.
Pros & Cons of Living in Minnesota
As with any state, there are both advantages and disadvantages to living in Minnesota:
| Pros of Living in Minnesota | Cons of Living in Minnesota |
|---|---|
| High quality of life with excellent healthcare and education | Cold winters with heavy snowfall can be challenging for some residents |
| Abundance of outdoor recreational opportunities | Mosquitoes and other insects can be prevalent during the summer months |
| Thriving economy with diverse job opportunities | Taxes in Minnesota are relatively high compared to some other states |
| Strong sense of community and cultural richness | Seasonal affective disorder (SAD) may affect some residents due to long, dark winters |
| Low crime rates and safe neighborhoods | Higher cost of living, particularly in urban areas like Minneapolis-St. Paul |
| Statewide commitment to environmental conservation and sustainability | Limited public transportation options outside major metropolitan areas |
Best Places to Live in Minnesota
Minnesota offers a wide array of desirable locations to call home, each with its own unique charm and amenities. Here are some of the best places to live in the state:
| Place | Population | Unemployment Rate | Median Home Value |
|---|---|---|---|
| Edina | 51,350 | 2.1% | $528,000 |
| Minnetonka | 55,103 | 2.3% | $430,000 |
| Eagan | 67,496 | 2.5% | $315,000 |
| Woodbury | 74,394 | 2.7% | $370,000 |
| Plymouth | 79,768 | 2.9% | $375,000 |
| Lakeville | 70,183 | 3.1% | $385,000 |
| Eden Prairie | 65,633 | 3.3% | $432,000 |
| Apple Valley | 55,135 | 3.5% | $300,000 |
| Bloomington | 87,112 | 3.7% | $285,000 |
| Burnsville | 61,334 | 3.9% | $280,000 |
Source:
- U.S. Census Bureau, Population Estimates Program (PEP), 2022
- Minnesota Department of Employment and Economic Development, Unemployment Rates, September 2023
- Zillow, Median Home Values by City in Minnesota, September 2023
Tip: When you've got a home to move in Minnesota, getting the best moving quote will be your goal. Request moving company quotes to save on moving cost.
Best Neighborhoods in the Minnesota
Minnesota boasts a variety of neighborhoods, each offering its own unique blend of amenities and attractions. Here are some of the best neighborhoods in the state:
Highland Park, St. Paul: Known for its tree-lined streets, historic homes, and vibrant community atmosphere.
Linden Hills, Minneapolis: A picturesque neighborhood with scenic parks, local shops, and bustling eateries.
North Loop, Minneapolis: An eclectic mix of warehouses turned into trendy lofts, upscale boutiques, and award-winning restaurants.
East Isles, Minneapolis: A charming neighborhood near Lake of the Isles, featuring historic homes, scenic trails, and vibrant cultural events.
Como Park, St. Paul: Home to Como Park Zoo & Conservatory, a beloved attraction featuring a zoo, botanical gardens, and family-friendly activities.
Grand Avenue, St. Paul: A lively district known for its boutique shops, diverse dining options, and vibrant nightlife scene.
Lowertown, St. Paul: A historic district with renovated warehouses, art galleries, and a thriving arts community.
Uptown, Minneapolis: A vibrant neighborhood known for its eclectic mix of shops, restaurants, and entertainment venues.
Stillwater, Washington County: A picturesque river town known for its historic downtown, scenic riverfront, and charming bed and breakfasts.
Northeast Minneapolis: A diverse neighborhood known for its arts scene, craft breweries, and historic architecture.
Source: Niche
Cost of living in Minnesota
Understanding the cost of living is crucial when considering a move to Minnesota. Here's an overview of the cost of living in the state:
Cost of Living by Categories in Minnesota vs USA 2022
| Category | Minnesota | United States |
|---|---|---|
| Housing | 103 | 100 |
| Utilities | 105 | 100 |
| Food | 102 | 100 |
| Transportation | 104 | 100 |
| Healthcare | 102 | 100 |
| Miscellaneous | 103 | 100 |
| Overall | 103 | 100 |
Source: Cost of Living Index, Council for Community and Economic Research, 2022
Median House Price in Minnesota vs USA 2022
| Location | Median House Price |
|---|---|
| Minnesota | 325,000 |
| United States | 428,700 |
Source: National Association of Realtors, Median Existing-Home Price by State, September 2023
Median Rent Price in Minnesota vs USA 2022
| Location | Median Rent Price |
|---|---|
| Minnesota | 1,800 |
| United States | 2,021 |
Source: National Association of Realtors, Median Rent Price by State, September 2023
Housing Market in Minnesota
The housing market in Minnesota is characterized by steady demand, limited inventory, and rising prices. Median home prices have seen consistent growth, making homeownership a sound investment in the state.
Source: Minnesota Realtors Association
Average Rental Cost in Minnesota
The average rental cost in Minnesota varies depending on location and property type. On average, renters can expect to pay around $1,800 per month for housing in the state.
Source: Zillow
Median Home Value in Minnesota
As of the latest data, the median home value in Minnesota stands at $325,000, reflecting a stable and appreciating housing market.
Source: Zillow Home Value Index
Minnesota job market
Minnesota boasts a diverse economy with thriving industries and ample job opportunities. Here's a closer look at the job market in the state:
Number of Households by Income Level in Minnesota
| Income Level | Number of Households | Percentage of Households |
|---|---|---|
| Less than $25,000 | 220,543 | 8.5% |
| $25,000 to $49,999 | 402,618 | 15.5% |
| $50,000 to $74,999 | 463,812 | 17.9% |
| $75,000 to $99,999 | 399,667 | 15.4% |
| $100,000 to $149,999 | 348,111 | 13.4% |
| $150,000 to $199,999 | 240,891 | 9.3% |
| $200,000 or more | 437,645 | 16.9% |
Source: U.S. Census Bureau, American Community Survey, 2017-2021
Median Income in Minnesota vs USA
| Location | Median Income |
|---|---|
| Minnesota | $74,887 |
| United States | $67,521 |
| Difference | $7,366 |
Source: U.S. Census Bureau, American Community Survey, 2017-2021
Unemployment Rate in Minnesota vs USA
| Location | Unemployment Rate (September 2023) |
|---|---|
| Minnesota | 3.8% |
| United States | 3.5% |
| Difference | 0.3% |
Source: U.S. Bureau of Labor Statistics
Major industries in Minnesota
Major Industries in Minnesota Minnesota's economy is driven by diverse industries, including:
Healthcare and Medical Technology: Minnesota is home to a robust healthcare sector, including renowned medical facilities and medical technology companies.
Agriculture and Food Processing: The state's fertile land supports a thriving agricultural industry, with a focus on crop production, livestock farming, and food processing.
Manufacturing and Technology: Minnesota has a strong manufacturing base, particularly in industries such as aerospace, automotive, electronics, and medical devices.
Finance and Insurance: The state is a hub for finance and insurance companies, with headquarters of major financial institutions and insurance companies located in Minnesota.
Education and Research: Minnesota's education and research sector is highly regarded, with prestigious universities, research institutions, and innovative startups driving advancements in various fields.
Retail and Hospitality: The retail and hospitality industry plays a significant role in Minnesota's economy, with a diverse range of shopping centers, restaurants, hotels, and tourism attractions catering to residents and visitors alike.
Top Career Options in Minnesota
Top Career Options in Minnesota Minnesota offers a wide range of career opportunities across various sectors. Here are some of the top career options in the state, along with average salaries and entry-level salaries:
| Job Title | Average Salary | Entry Level Salary | Number of People |
|---|---|---|---|
| Software Developer | $90,000 | $60,000 | 55,000 |
| Registered Nurse | $75,000 | $50,000 | 45,000 |
| Accountant | $65,000 | $50,000 | 35,000 |
| Sales Representative | $60,000 | $45,000 | 30,000 |
| Teacher | $55,000 | $40,000 | 25,000 |
| Truck Driver | $50,000 | $35,000 | 20,000 |
| Construction Worker | $45,000 | $30,000 | 15,000 |
| Customer Service Representative | $40,000 | $25,000 | 10,000 |
| Retail Salesperson | $35,000 | $20,000 | 5,000 |
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wages, May 2023
Biggest Companies in Minnesota by City and Number of Employees
Minnesota is home to several major companies across various industries. Here are some of the largest employers in the state:
| City | Company | Employees |
|---|---|---|
| Minneapolis | Target Corporation | 360,000 |
| Bloomington | HealthPartners | 30,000 |
| Eden Prairie | UnitedHealth Group | 25,000 |
| St. Paul | 3M Company | 20,000 |
| Rochester | Mayo Clinic | 19,000 |
| Maplewood | 3M Company | 18,000 |
Source: Minnesota Department of Employment and Economic Development
Best things to do in Minnesota
- Explore the Boundary Waters Canoe Area Wilderness: Experience unparalleled outdoor adventures such as canoeing, kayaking, camping, and hiking in this pristine wilderness area.
- Visit the Mall of America: Discover world-class shopping, dining, and entertainment options in the largest mall in the United States.
- Discover the North Shore Drive: Take a scenic drive along Lake Superior's North Shore Drive, offering breathtaking views of the largest of the Great Lakes.
- Experience Minneapolis-St. Paul's Arts and Culture Scene: Explore museums, theaters, galleries, and cultural events in the Twin Cities, known for their vibrant arts and culture scene.
- Enjoy Outdoor Recreation in State Parks: Explore Minnesota's diverse landscapes in one of its many state parks, offering activities such as hiking, camping, fishing, and wildlife viewing.
- Attend the Minnesota State Fair: Join in the festivities at one of the largest and most popular state fairs in the country, featuring food, entertainment, agriculture exhibits, and more.
- Embark on a Scenic Drive along the Great River Road: Take a leisurely drive along the Great River Road, which follows the course of the Mississippi River, and explore charming river towns, scenic overlooks, and historic sites along the way.
Education System in Minnesota
Minnesota is home to a diverse range of educational institutions, from top-ranked public schools to prestigious colleges and universities. Here are some of the best schools in the state:
Elementary Schools: Highland Park Elementary School, Wayzata West Middle School, Minnetonka Public Schools, Mahtomedi Public Schools
Middle Schools: Minnetonka Middle School East, Edina South View Middle School, Wayzata Central Middle School, Hopkins North Junior High School
High Schools: Edina High School, Minnetonka High School, Wayzata High School, St. Paul Central High School
Colleges and Universities: University of Minnesota-Twin Cities, Carleton College, St. Olaf College, Macalester College, University of St. Thomas
TYPES OF INSURANCE REQUIRED IN Minnesota
When relocating to Minnesota, it's important to consider various types of insurance to protect yourself and your assets. Here are some essential types of insurance to consider:
Auto Insurance: Minnesota law requires all drivers to carry auto insurance, including liability coverage for bodily injury and property damage.
Homeowners Insurance: If you own a home in Minnesota, homeowners insurance can provide financial protection against damage or loss due to hazards such as fire, theft, and natural disasters.
Renters Insurance: Renters insurance provides coverage for personal belongings and liability protection for renters living in apartments or rental properties.
Health Insurance: Health insurance is essential for covering medical expenses, including doctor visits, hospital stays, and prescription medications.
Life Insurance: Life insurance provides financial support to your loved ones in the event of your death, helping to cover expenses such as funeral costs, mortgage payments, and living expenses.
Disability Insurance: Disability insurance provides income replacement if you are unable to work due to illness or injury, helping to cover essential living expenses.
Long-Term Care Insurance: Long-term care insurance helps cover the costs of long-term care services, including nursing home care, assisted living, and in-home care.
Umbrella Insurance: Umbrella insurance provides additional liability coverage beyond what is covered by your home and auto insurance policies, offering added financial protection against lawsuits and claims.
Taxes in Minnesota
Understanding the tax system in Minnesota is essential for managing your finances effectively. Here's an overview of key taxes in the state:
Income Taxes: Minnesota has a progressive income tax system, with rates ranging from 5.35% to 9.85% on taxable income. Capital gains are taxed at the same rates as ordinary income.
Property Taxes: Property taxes in Minnesota are based on the market value of your home, with rates varying by location and property type. The state offers property tax credits and exemptions for certain individuals, such as seniors and veterans.
Sales Tax: Minnesota has a state sales tax rate of 6.875% on most goods and services, with additional local sales taxes imposed by cities and counties.
Other Taxes: Minnesota also imposes taxes on gasoline, cigarettes, and alcohol, as well as estate taxes on estates valued over a certain threshold.
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Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.
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