Are You Moving To Minnesota?
Are you contemplating a move to Minnesota? Relocating to Minnesota for work? Worried that you might not like living here? There are a lot of great things about living in Minnesota.
One of the things you’ll love about Minnesota is it has something for everyone. With so many nature reserves with lakes and waterfalls, the hiking up here is as good as anywhere in the States. Then there’s the modern metropolises of Minneapolis and St Paul, two cities that have the same buzz as Chicago just a quarter of the size.
Minnesota, nicknamed “ The Land of 10,000 Lakes”, “North Star State”, “The Gopher State”, “The State of Hockey”, offers some of the most beautiful and spectacular sights and places to visit!
Minnesota is a fantastic place for those who enjoy water sports. In addition, Minnesota is home to a number of delightful cities, scenic national parks, and some of the best shopping opportunities in the country. So, depending on whether you’re looking at getting away from it all or immerse yourself in the cityscape, here are some of the things you need to know before you moving to Minnesota.
If you’re moving to Minnesota from California or from another state, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.
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Moving to Minnesota Prons and Cons
Here are a few pros and cons to consider as you make your move to The North Star State:
Pros.
- The state offers a job market that stays relatively strong. There are several metropolitan areas in Minnesota where work is easy to find, but there are numerous career opportunities here as well.
- There are plenty of outdoor activities to enjoy. The Land of 10,000 Lakes offers numerous opportunities to get outside to start exploring.
- Minnesota provides an interesting culinary experience. Even the Smithsonian takes note of the dining opportunities that are available in the Twin Cities and the rest of the state.
- The educational infrastructure in Minnesota is excellent. There are over 200 colleges and universities currently operating in the state of Minnesota.
Cons.
- Mosquitoes are everywhere during the summer. Although the summers are generally cool because of its location in the upper Midwest, the temps get warm enough to encourage the insects to come out to play.
- The tax rates in Minnesota are much higher than most other states in the region. One of the reasons why Minnesota hasn’t had the same budget shortfalls as other states in the Midwest is because of their shockingly high tax rates.
- Traffic can be a significant problem in the Twin Cities and the southern corridor. If you live in the northern part of the state, then traffic is a non-issue for you. If you live or visit the Twin Cities, then the commute is better than what you’d experience in NYC or Los Angeles, but it is far from being free of congestion.
Tax Rates
- Property Tax: 1.11%. Minnesota’s effective real-estate tax rate ranks #19 in the country.
- Sales Tax: 6.875% (base state sales tax). The total sales tax rates by municipality range is 8.375%.
- Income Tax: Graduated. There are four brackets: 5.35%, 7.05%, 7.85%, and %9.85
Housing Market
The typical home value of homes in Minnesota is $297,253. This value is seasonally adjusted and only includes the middle price tier of homes. Minnesota home values have gone up 10.3% over the past year.
What Should I Know In 2021?
Economy Outlook
The strongest gains were in industries that suffered the largest losses last month.
This is encouraging in one sense as the hardest-hit industries seem to be on the rebound. But the sheer size of job losses in those industries means that many more months of such gains are needed to make up the losses. Additionally, gains in sectors like accommodation and food service and retail mask losses in some other sectors of particular importance to Minnesota’s economy like manufacturing, wholesale trade, management of companies (i.e. headquarters), and local government.
Minnesota’s rank is based on strong labor supply and quality of life. The Minneapolis-St. Paul metro area is home to 65% of the state’s population. It also serves as the state’s economic hub, with companies such as Target, U.S. Bancorp, General Mills, 3M, and Medtronic headquartered there. Minnesota has the highest percentage of adults with a high school degree at 93% (it ranks ninth for college attainment). With its good schools, healthy populous, and abundance of recreation and leisure options.
The unemployment rate fell to 4.1% in Minnesota in April, from 4.2% in March, on a seasonally adjusted basis. The number of unemployed dropped by 3,072, to 122,934, and the number of employed increased by 3,147 to 2,899,594. The labor force grew by 75 to 3,022,528.
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Traffic & Transportation
With the increase in air pollution and the cost of gasoline rising steadily, daily transportation has become an issue in the United States. In Minnesota, public transportation is an affordable and convenient way to make your way around town. With one of the best public transportation systems in the country, residents can travel anywhere they need to go by using one of the many public transportation options Minnesota has to offer.
-Metro Transit Bus. Metropolitan Council Services. 390 Robert St. N. St. Paul, MN 55101.
-Light Rail. Metro Blue Line.
-Pedicab. Twin Town Pedicabs. 917 5th Ave. S. Minneapolis, MN 55404.
Cost of living
This northern star state is striking, but it’s also a place most can afford to live. You can work and enjoy the art culture and nature of the area. There are plenty of states that offer a lot, but they aren’t as affordable.
Minnesota is ranked number 9 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state.
About Cost of living in Minneapolis, MN.
- Family of four estimated costs are 3,870.29$ without rent.
- A single person estimated monthly costs are 1,071.31$ without rent.
- Minneapolis is 18.34% less expensive than New York.
- Rent in Minneapolis is, on average, 53.84% lower than in New York.
Moving to Minnesota
Things to Know When Moving To Minnesota
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Moving is one of the most exciting and overwhelming events in our lives. While there are many moving companies and various different resources to choose from, there is only one Real Movers. If you are in the process of planning a long-distance move, and you are looking for a moving company you can trust, Real Movers is your perfect choice.
