Minnesota vs New Hampshire Cost of Living
Purchasing power
Your $75,000 is worth different amounts in each state
$80,128
in Minnesota
$67,873
in New Hampshire
Each cell = 1% of purchasing power. Green = value, red = gap.
Spending breakdown
Estimated annual spending on a $75,000 salary
What things actually cost
Real dollar costs side by side
Category breakdown
| Category | Minnesota | New Hampshire | Difference |
|---|---|---|---|
| Housing | 80.6 | 115.6 | -30% |
| Groceries | 100.6 | 99.4 | +1% |
| Utilities | 95.0 | 115.9 | -18% |
| Transportation | 96.2 | 104.0 | -7% |
| Healthcare | 102.4 | 107.9 | -5% |
| Dining & Misc | 99.8 | 111.6 | -11% |
| Overall | 93.6 | 110.5 | -15% |
Index values relative to national average (100). Positive difference = more expensive in Minnesota.
What things actually cost
| Item | Minnesota | New Hampshire | Difference |
|---|---|---|---|
| Median home price | $330,000 | $465,000 | $135,000 |
| Average 2BR rent | $1,128/mo | $1,618/mo | $490 |
| Gas price | $3.26/gal | $3.42/gal | $0.16 |
| Electric bill | $109/mo | $183/mo | $73 |
| Infant childcare | $22,569/yr | $17,364/yr | +$5,205 |
Salary equivalent: Minnesota → New Hampshire
What a Minnesota salary buys you in New Hampshire, adjusted for cost of living.
| Salary in Minnesota | Equivalent in New Hampshire | Difference |
|---|---|---|
| $50,000 | $59,028 | $-9,028 |
| $75,000 | $88,542 | $-13,542 |
| $100,000 | $118,056 | $-18,056 |
| $150,000 | $177,083 | $-27,083 |
| $200,000 | $236,111 | $-36,111 |
Positive = your money goes further in New Hampshire. Based on overall COL index ratio.
Based on MERIC/C2ER 2025 composite indices. Dollar amounts from AAA, EIA, Zillow, and Child Care Aware.
Overview
New Hampshire is 15% more expensive than Minnesota overall. New Hampshire has an index of 110.5 vs 93.6 for Minnesota (national average = 100).
FAQ
Is it cheaper to live in Minnesota or New Hampshire?
Minnesota is cheaper to live in. New Hampshire is 15% more expensive overall. The biggest driver is housing — median home prices are $330,000 in Minnesota vs $465,000 in New Hampshire.
Is Minnesota cheaper than New Hampshire?
Yes, Minnesota is 15% cheaper than New Hampshire overall based on the MERIC/C2ER cost-of-living index. Housing, groceries, and utilities all factor into the difference.
Is New Hampshire more expensive than Minnesota?
Yes, New Hampshire is 15% more expensive than Minnesota based on the MERIC/C2ER composite index. Housing is typically the largest factor in the difference.
What salary in New Hampshire equals $100,000 in Minnesota?
To maintain the same purchasing power as a $100,000 salary in Minnesota, you would need approximately $118,056 in New Hampshire. This is based on the overall cost-of-living index (93.6 vs 110.5).
How do housing costs compare between Minnesota and New Hampshire?
Housing is significantly cheaper in Minnesota. Median home prices are $330,000 in Minnesota vs $465,000 in New Hampshire — a $135,000 difference. Average 2-bedroom rent is $1,128/mo vs $1,618/mo.
What costs more in Minnesota vs New Hampshire?
Housing is 30% lower in Minnesota (index 80.6 vs 115.6). Utilities is 18% lower in Minnesota (index 95 vs 115.9). Dining & Misc is 11% lower in Minnesota (index 99.8 vs 111.6).
Is gas cheaper in Minnesota or New Hampshire?
Gas averages $3.26/gallon in Minnesota and $3.42/gallon in New Hampshire — a $0.16 difference per gallon.
Minnesota vs New Hampshire cost of living — how do they compare?
Minnesota has an overall cost-of-living index of 93.6 and New Hampshire has 110.5 (national average = 100). New Hampshire is 15% more expensive overall. Use the calculator above to see how this affects your specific salary.
How do taxes compare between Minnesota and New Hampshire?
Cost of living is only part of the picture — state income taxes also affect your take-home pay. Minnesota has a progressive income tax with 4 brackets, topping out at 9.85% on income over $193,240. New Hampshire has no tax on earned wages — your entire salary is free from state income tax. The state previously taxed interest and dividends at 5% but fully phased that out in January 2025. NH is one of only 9 states with no income tax on wages, making it popular with workers commuting from Massachusetts. Use the Minnesota vs New Hampshire paycheck comparison to see how a specific salary compares after federal and state taxes, FICA, and deductions.
Do I need to file state tax returns in Minnesota and New Hampshire?
Minnesota requires residents to file a state income tax return annually, typically due April 15. New Hampshire has no state income tax, so residents do not file a state tax return. If you move between states mid-year, you typically file a part-year resident return in each state for the income earned while living there.
Where does this cost of living data come from?
Cost-of-living indices are from the MERIC/C2ER 2025 Annual Average. Dollar amounts use AAA gas prices (March 2025), EIA electricity rates (2024), Child Care Aware childcare costs (2024), Zillow home values (2024-2025), and BEA Regional Price Parities.
Related tools
- Minnesota Cost of Living — Housing, groceries, gas, and more
- New Hampshire Cost of Living — Housing, groceries, gas, and more
- Minnesota vs New Hampshire Paycheck Comparison — Compare take-home pay after taxes
- House Affordability in Minnesota — How much house can you afford?
- House Affordability in New Hampshire — How much house can you afford?
- Minnesota Tax Brackets — See 2026 marginal rates
- New Hampshire Tax Brackets — See 2026 marginal rates
- Minnesota Mortgage Calculator — Estimate monthly payments with local rates
- New Hampshire Mortgage Calculator — Estimate monthly payments with local rates
- Minnesota Bonus Tax Calculator — See how bonuses are taxed differently
- New Hampshire Bonus Tax Calculator — See how bonuses are taxed differently
- Gross-Up Calculator — Find the salary you need to hit a target take-home
- Salary to Hourly Converter — Convert annual salary to hourly rate
- Compare any two states
Based on MERIC/C2ER 2025 composite indices and publicly available price data. Cost of living varies significantly by metro area within a state. These are statewide averages.