Illinois vs Minnesota: Home Value to Income Ratio
Illinois has a lower home value to income ratio than Minnesota.
National Rankings
Where They Rank Nationally
See where both states fall among all 50 states for home value to income ratio.
10 Best States — Home Value to Income Ratio
Lower is better
West Virginia
Iowa
Kansas
Mississippi
Ohio
Nebraska
Arkansas
Kentucky
North Dakota
Indiana
Illinois
Minnesota
Illinois ranks 15th and Minnesota ranks 20th nationally for home value to income ratio.
Related Context
Home Affordability Ratios
A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.
What This Means
Illinois vs Minnesota: Home Value to Income Ratio in context
Illinois has a home value to income ratio of 3.16x, compared with 3.48x in Minnesota. Median home value divided by median household income.
People Also Ask
Illinois vs Minnesota Home Value to Income Ratio — Common Questions
Q What is Illinois's home value to income ratio?
Illinois's home value to income ratio is 3.16x.
Q What is Minnesota's home value to income ratio?
Minnesota's home value to income ratio is 3.48x.
Q Which state has a lower home value to income ratio — Illinois or Minnesota?
Illinois has a lower home value to income ratio than Minnesota.
More Comparisons: Illinois vs Minnesota
Grouped tabs keep the deep-dive links tighter and easier to scan.
Explore Each State
Illinois Symbols
Minnesota Symbols
Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.