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Overall Rating: 82/100 · 314,000 veterans (7% of population)
Benefit details verified January 2025. Tax exemptions, caps, and eligibility change and can vary by county — always confirm current figures with your county assessor and your Minnesota Department of Veterans Affairs before you rely on them.
Partial exemption based on age and income. Under 65: military retirement partially exempt if other income less than $71,970 (single) or $93,260 (married). Age 65+: can choose military retirement subtraction or public pension subtraction up to $6,600 (single) or $13,200 (married)
1.2% average effective rate
$300,000 market-value exclusion
Market-value exclusion (lowers taxable value, not full forgiveness): $300,000 at 100% P&T/permanent-IU; $150,000 at 70%+. Nothing below 70%.
Source ↗Disabled veterans exempt from motor vehicle sales tax (6.5% state rate plus local) on one vehicle. Clothing and footwear exempt from sales tax statewide
$100,150
VA Medical Center
One Veterans Drive, Minneapolis, MN 55417
(612) 467-3000
Full-service medical center: emergency care 24/7, surgery, mental health, PTSD treatment, cardiology, oncology, neurology, rehabilitation, women's health, prosthetics, geriatrics, palliative care, polytrauma support, substance abuse treatment, homeless veteran services, blind rehabilitation, spinal cord injury care
Dependent Education Benefit
Children and spouses of veterans who died from service-connected disability, are 100% P&T disabled, are MIA/POW, or died on active duty. Must be MN resident, under age 30, maintain satisfactory academic progress
4-year value: $60,000
Median Home
$465,000
1BR Rent
$1,200/mo
COL Index
108.5
Unemployment
3.5%
Major employers: UnitedHealth Group, Target, 3M, General Mills, Best Buy, U.S. Bank, Medtronic, Ameriprise Financial
Pros: Best VA healthcare in MN, strongest job market (18 Fortune 500 HQ), world-class culture, excellent schools in suburbs, major airport hub, medical device industry recruiting, property tax exclusion saves $3,600+/year
Cons: Highest housing costs in MN ($465K), high cost of living, brutal winters (-20°F wind chills), higher overall taxes, some high-crime areas, growing traffic congestion
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Buying a home
$0 down, no PMI. Funding fee waived for service-connected veterans.
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