State of Minnesota
Recent News About State of Minnesota
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Minnesota ranked seventh highest in the U.S. for average income in 2021
Minnesota ranked seventh highest for average annual earnings per resident among U.S. states, according to data obtained from the U.S. Census Bureau.
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Inflation in Minnesota lower than national average as of February 2024
As of February 2024, Minnesota experienced an 18.2% increase in prices of goods and services since January 2021, compared to the nationwide trend of an 18.6% increase.
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VA provides 1,185 home loans in Minnesota totaling $401.8 million in Q4 2023
The U.S. Department of Veterans' Affairs (VA) issued 1,185 home loans totaling $401.8 million in Minnesota during the fourth quarter of the fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
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Average VA Purchase Loan amount in Minnesota declines from Q3 to Q4 2023
The average VA Purchase Loan amount for Minnesota in the fourth quarter of fiscal year 2023 was $351,518, according to figures provided by the Veterans Affairs Home Loans Index
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VA home loan amount averages $339,096 in Minnesota for Q4 2023
The average VA loan amount in Minnesota during the fourth quarter of the fiscal year 2023 was $339,096, according to the Veterans Affairs Home Loans Index.
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Average VA home loan amount in Minnesota falls in Q4 2023
The average VA home loan amount in Minnesota during the fourth quarter of the fiscal year 2023 was $339,096, a 2.2% decrease from the previous quarter, according to the Veterans Affairs Home Loans Index.
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Number of VA loans issued in Minnesota decreases by 50.1% from 2022 to 2023
The U.S. Department of Veterans Affairs (VA) issued 3,994 home loans totaling $1.3 billion in Minnesota during the fiscal year 2023, according to the Veterans Affairs Home Loans Index.
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Minnesota ranks 28th in total VA home loans during Q4 2023
Minnesota ranked 28th in VA home loans in the fourth quarter of 2023 with 1,185 loans issued, according to the Veterans' Affairs Home Loans Index.
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Minnesota ranked 28th in average VA home loan amount in Q4 2023
With $339,096 in home loans issued, Minnesota ranked 28th in average loan amount for VA home loans in the fourth quarter of fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
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VA provides 26.5% fewer purchase loans in Minnesota for 2023 vs. 2022
The number of VA purchase loans in Minnesota for 2023 was 3,085 and totaled $1 billion, according to figures provided by the Veterans Affairs Home Loans Index.
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Minnesota ranked 29th among U.S. states in total VA home loans during 2023
Minnesota ranked 29th in VA home loans in 2023 with 3,994 loans issued, according to figures provided by the Veterans Affairs Home Loans Index.
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VA Purchase Loans in Minnesota average $351,518 for Q4 2023
The average VA Purchase Loan amount for Minnesota in the fourth quarter of fiscal year 2023 was $351,518, according to figures provided by the Veterans Affairs Home Loans Index.
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VA issues fewer Interest Rate Reduction Refinance Loans in Minnesota in 2023 vs. 2022
The VA issued 3,994 Interest Rate Reduction Refinance Loans in Minnesota during the 2023 fiscal year, totaling $1.3 billion, according to figures provided by the Veterans Affairs Home Loans Index.
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Minnesota inflation rate lower than national average as of January 2024
As of January 2024, Minnesota experienced a 17.3% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 17.9% increase.
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VA’s Interest Rate Reduction Refinance Loans in Minnesota average $324,845 for Q4
The VA’s Interest Rate Reduction Refinance Loans in Minnesota for the fourth quarter of the fiscal year 2023 averaged $324,845, according to figures provided by the Veterans Affairs Home Loans Index.
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Number of VA loans issued in Minnesota decreased by 18.2% from Q4 2022 to Q4 2023
The U.S. Department of Veterans Affairs (VA) issued 1,185 home loans totaling $401.8 million in Minnesota during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.
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Average VA Purchase Loan amount in Minnesota increases from Q2 to Q3 2023
The average VA Purchase Loan amount for Minnesota in the third quarter of fiscal year 2023 was $360,005, according to figures provided by the Veterans Affairs Home Loans Index
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Majority of Minnesota's population aged 55 to 59 in 2021
The median age of Minnesota residents was 38 in 2021, on par with the national average of 38.
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Men more prevalent than women in Minnesota in 2021
Of the 5,670,472 people living in Minnesota in 2021, 49.9% (2,831,337) were women and 50.1% (2,839,135) were men, according to U.S. Census Bureau data obtained by Minnesota State Wire.
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Minnesota's individual income tax revenue up 2.2% as of Q4 2023 compared to Q4 2022
The fourth quarter of 2023 brought in $3.1 billion in individual income tax revenue for Minnesota, a 2.2% increase from the same period in the previous year, according to the U.S. Census Bureau.