Real Dollar Value
Minnesota stretches $100 further
A national-average $100 buys about $107.32 of local goods and services in Minnesota, compared with $104.29 in Illinois.
Purchasing Power of $100 Comparison
Income
Illinois vs Minnesota: Purchasing Power of $100
$100 goes further in Minnesota: about $107.32 in local buying power versus $104.29 in Illinois, a $3.03 gap.
Illinois
IL • Midwest
$104.29
Real local value of $100 after adjusting for BEA Regional Price Parities.
$107.32
Real local value of $100 after adjusting for BEA Regional Price Parities.
Visual Comparison
Illinois
$104.29
Minnesota
$107.32
Difference: $3 — Minnesota leads.
National Rankings
Where They Rank Nationally
See where both states fall among all 50 states for purchasing power of $100.
Illinois
#32 · $104.29
Minnesota
#24 · $107.32
Lowest
Highest
Top 10 States — Purchasing Power of $100
#1
Mississippi
$116.01
Mississippi
#2
Alabama
$114.62
Alabama
#3
Oklahoma
$113.65
Oklahoma
#4
Arkansas
$113.40
Arkansas
#5
Kansas
$113.09
Kansas
#6
West Virginia
$112.73
West Virginia
#7
Missouri
$112.21
Missouri
#8
Iowa
$111.93
Iowa
#9
Tennessee
$111.32
Tennessee
#10
South Dakota
$111.28
South Dakota
Selected states
#32
Illinois
$104.29
Illinois
#24
Minnesota
$107.32
Minnesota
Illinois ranks 32nd and Minnesota ranks 24th nationally for purchasing power of $100.
Safety Context
Economic and demographic factors behind the violent crime rate difference.
Safety
BEA Price Index
Minnesota has the lower official price level
BEA Regional Price Parity is lower in Minnesota (95.5) than in Illinois (97.6), which is why the same cash buys more there.
View detailed comparisonIncome Check
Minnesota has the higher median income
Purchasing power does not replace income. Minnesota has a median household income of $84,313, versus $78,433 in Illinois.
View detailed comparisonLiving Costs
Illinois also looks cheaper on the cost index
Illinois's cost-of-living index is 95.2, compared with 99.5 in the other state.
View detailed comparisonRelated Pages
What This Means
Illinois vs Minnesota: Purchasing Power of $100 in context
Minnesota has a purchasing power of $100 of $107.32, compared with $104.29 in Illinois. Real local value of $100 after adjusting for BEA Regional Price Parities.
Illinois
$104.29
Minnesota
$107.32
Difference
$3
People Also Ask
Illinois vs Minnesota Purchasing Power of $100 — Common Questions
Q What is Illinois's purchasing power of $100?
Illinois's purchasing power of $100 is $104.29.
Q What is Minnesota's purchasing power of $100?
Minnesota's purchasing power of $100 is $107.32.
Q Which state has a higher purchasing power of $100 — Illinois or Minnesota?
$100 goes further in Minnesota: about $107.32 in local buying power versus $104.29 in Illinois, a $3.03 gap.
More Comparisons: Illinois vs Minnesota
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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.