Registered Nurses Salary in Minnesota: Cost of Living Adjusted (2024)

What does a Registered Nurses salary really buy you in Minnesota?

Minnesota is 2.3% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02

Nominal Salary
$97,300
Median annual (2024)
+2.4%
Real Purchasing Power
$99,590
COL-adjusted (RPP=97.7)

Minnesota Cost of Living Index

Minnesota's Regional Price Parity (RPP) is 97.7, meaning prices are 2.3% lower the national average. A Registered Nurses earning $97,300 in Minnesota has the equivalent purchasing power of $99,590 in an average-cost US state.

MN: 97.7
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Minnesota's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $73,050 $74,769 +$1,719
25th Percentile (P25) $81,040 $82,947 +$1,907
Median (P50) $97,300 $99,590 +$2,290
75th Percentile (P75) $104,450 $106,908 +$2,458
90th Percentile (P90) $120,420 $123,254 +$2,834
Key Insight

Minnesota's cost of living is close to the national average, so $97,300 keeps most of its value at $99,590 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Registered Nurses (After Cost of Living)

Where does Registered Nurses salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$119,102
RPP 112.5
2. Hawaii
$116,615
RPP 110.8
3. Alaska
$104,323
RPP 102.0
4. Oregon
$104,071
RPP 106.6
5. Nevada
$99,802
RPP 96.4
$99,590
RPP 97.7
$98,105
RPP 109.8
$97,184
RPP 107.6
$95,102
RPP 98.0
$94,567
RPP 106.4

Minnesota ranks #6 out of 51 states for Registered Nurses after cost-of-living adjustment.

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How much do you actually take home? See Registered Nurses take-home pay in Minnesota after taxes →

Frequently Asked Questions

What is the real salary for a Registered Nurses in Minnesota after cost of living?

A Registered Nurses in Minnesota earns a median salary of $97,300 per year. After adjusting for Minnesota's cost of living (RPP=97.7), the real purchasing power is $99,590 — a +2.4% difference.

Is Minnesota expensive to live in?

Minnesota's cost of living is 2.3% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Minnesota is 97.7 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Registered Nurses in Minnesota: $97,300 x (100 / 97.7) = $99,590. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Registered Nurses in Minnesota financially?

From a purchasing power perspective, yes. A Registered Nurses in Minnesota enjoys 2.4% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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Rankings
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Cities in Minnesota
Minneapolis St. Paul Rochester Bloomington
Colleges in Minnesota
Walden University Academy College Alexandria Technical & Community College Anoka Technical College