STATE OVERVIEW
Minnesota
§ 01 — Figures
97
TOTAL COUNTIES
345.6K
HISPANIC POPULATION
ITIN Loan
TOP SEARCH TERM
3
CITIES
§ 02 — Lanes
CHOOSE A LANE
What kind of financing?
§ 03 — Markets
TOP MARKETS
Top markets in Minnesota
§ 04 — AT A GLANCE
Inside Minnesota.
Population
5.74M
Median Household Income
$82,338
Cost of Living
94.1
US = 100
Median Home Value
$325,400
§ 05 — TAXES
What Minnesota charges.
01
Income Tax
5.35% – 9.85%
02
Sales Tax
6.875% state · 1.15% avg local
03
Property Tax
1.05% effective
04
Capital Gains
Taxed as income
05
Retirement Income
Social Security partial exempt · pensions taxed
Get compliance reminders for Minnesota→
via ReadyDocs
§ 06 — BUSINESS
Who's working in Minnesota.
Top Industries
01
Medical Devices & Healthcare
Minneapolis · Rochester
02
Agriculture & Iron Ore
Iron Range · Southern Minnesota
03
Retail & Food Processing
Twin Cities
Business Tax Rate
9.80%
Corporate Income Tax
9.80%
Find contractors in Minnesota→
via The Board
§ 07 — INVESTMENT MARKETS
The five zips worth watching.
#
Zip
City
Median Home Value
01
55405
Minneapolis
$685,000
02
55391
Wayzata
$985,000
03
55416
Minneapolis
$585,000
04
55424
Edina
$785,000
05
55113
Saint Paul
$485,000
Real estate market data for Minnesota→
via DoorBase
§ 08 — HOW-TOS
Start with the basics.
One starter guide per lane, from the Finance Edition.
SOURCES
- Hero
- Census ACS 5-year 2023 · BEA/MERIC COLI 2024 · Zillow 2026-Q1
- Taxes
- Tax Foundation 2025
- Zips
- Pending DoorBase handoff · provisional Zillow 2026-Q1
- Updated
- 2026-04
IRIS AI