The average Minnesotan is taxed at a rate of 1.05% for property, a maximum of 9.85% for income and up to 6.88% for sales. Compared to the national averages Minnesota earns a score of average for property taxes, poor 👎 for income taxes and average for combined local and state sales tax. Quick links to regions of Minnesota with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Minnesota
Minnesota has approximately 5,525,050 residents. A common term for people in Minnesota is "Minnesotan". Within this population there are around 69,233 births and 41,854 deaths per year. Approximately 80.7% of this population speaks English exclusively. Conversely, 1.6% of this population has no verbal English skill. On average, real estate listings in Minnesota are on the market for 70 days. The Market Health Index for Minnesota is 8.63. Carver is the wealthiest of all counties in Minnesota. The least wealthy of all counties in Minnesota is Wadena.
Daily state facts: Minnesota hosts the smallest, by percentage area, amount of military bases. Minnesota also has one of the highest labor participation rates in the nation.
According to the Bureau of Labor Statistics, Minnesota employment in August 2020 was 3,113,122, unemployment was 231,599 or 7.4% of total jobs.