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Retirement Homes in Minnesota

The state of Minnesota contains 72 retirement homes , with 1,743 total senior care providers operating in the state. With costs of retirement homes in Minnesota generally ranging from $476 to $3,960 per month, the median annual cost runs around $22,456. The nationwide average cost for all states is approximately $1,925 monthly.

The highest retirement home costs in the state of Minnesota are found in the Minneapolis-St. Paul-Bloomington metro area where prices range between $495 per month and $5,775 per month, with an average cost of about $25,377 annually. The lowest retirement home prices in the state are in the Rochester area. Here, they range from $1,139 to $3,300 per month, with an average yearly expense of about $22,242.

The SeniorScore™ for Minnesota is 72. According to the most recent census information, the state has a total population of 5,304,141, which makes it the 21st biggest state in the US. Within this population, approximately 30% are 55 years of age or older. Residents have an average life span of around 81.1 years.

The average household income in Minnesota is $76,117, with a median income of about $61,440. People who live in the state make about $30,318 on a per capita basis. The state has a high overall cost of living and currently has an unemployment rate of about 6.92%.

Average temperatures in Minnesota generally range from 31.3 to 53 degrees Fahrenheit. Overall, it has a harsh climate, with a mean annual temperature of approximately 42.7 degrees.

For more information on the SeniorScore™ for Minnesota, please visit https://www.senioradvice.com/seniorscore/senior-living-in-minnesota.

Related Categories: Minnesota Nursing Homes, Minnesota Assisted Living, Minnesota Independent Living, Minnesota Memory Care, Minnesota Adult Daycare, Minnesota Home Care, Minnesota Hospice, Minnesota Respite Care, Minnesota Residential Care Homes

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