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People Leaving Minnesota

IRS tax return migration data (2021→2022) shows where Minnesotaresidents are going and who's moving in.

Net Migration

-4,101

households

Moved In

1,381,453

households

Moved Out

1,385,554

households

Avg Income (Inflow)

$107,235

per household

Moving INTO Minnesota from:

1.Wisconsin
3,287avg $58,780
2.North Dakota
2,611avg $57,597
3.California
1,850avg $117,617
4.Illinois
1,292avg $94,280
5.Arizona
1,261avg $98,093
6.Colorado
734avg $82,122
7.Washington
551avg $130,254
8.Florida
547avg $165,627
9.New York
485avg $115,964
10.Massachusetts
286avg $134,534

Minnesota residents moving TO:

1.Wisconsin
3,430avg $64,084
2.North Dakota
2,541avg $54,670
3.Arizona
2,163avg $140,808
4.California
2,025avg $111,510
5.Florida
1,636avg $246,141
6.Illinois
1,469avg $78,680
7.Colorado
1,198avg $87,268
8.Washington
820avg $99,517
9.New York
716avg $99,189
10.Texas
402avg $119,977

💡 Investment Signal: Minnesota is losing population. This may indicate weakening demand, but can also mean lower property prices and higher cap rates for investors.