Minnesota Now One of the Richest States in America 2025

Look at us, living the high life in one of the richest states in the country! Who knew, right? Minnesota's mix of thriving industries, high-paid residents, and a solid financial backbone is keeping us comfortably among the wealthiest places in the nation.

And it’s not just the average Minnesotan doing well - we even have a few billionaires living amongst us. That's not a typo, I'm talking actual billionaires with a capital B!

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Sure we're not all that loaded, but the median income is really not too shabby here -sitting at $87,556 per household.

That’s just the average, though. Some counties are bringing in way more than that, and you might be surprised which ones are at the top of the list.

Minnesota Now One of the Richest States in America 2025

The rankings didn’t just factor in income, though. Things like home values and overall cost of living also played a role in determining where each state landed on Home Snacks' Richest in America list.

The average home price in Minnesota is sitting just under $325,000, which isn’t exactly pocket change, but compared to some other states, it’s practically a steal.

We didn’t crack the top 10, but we are significantly higher than our neighboring states and still in the upper half of the country coming in at 17th overall.

The richest state was Massachusetts, followed by Hawaii, California, Washington, and New Jersey rounding out the top five.

Also See: Two Minnesota Zip Codes Now Among the Richest in the Entire Country

On the other end of the spectrum, you’ve got Arkansas, Mississippi, and West Virginia holding down the bottom spots as the poorest states in America.

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