Startup Costs in Minnesota
Minnesota's Twin Cities metro offers a strong consumer base with above-average household incomes and a culture that supports local businesses. The state has one of the highest top income tax rates in the country, which impacts profitable businesses. However, there is no LLC annual report requirement, and the Minneapolis-St. Paul market is large enough to support most business types.
Minnesota (MN) by the Numbers
$155
$0
9.85%
6.88%
$11.41/hr
0.98x
1.02x
0.92x
What Minnesota's Numbers Mean for Founders
- State income tax tops out at 9.85%, one of the higher rates in the country.
Minnesota Cost Guides (10)
Bakery
How much does it cost to start a bakery in Minnesota? Expect $14,500-$245,000. Minnesota-specific co
Cleaning Business
Starting a cleaning business in Minnesota costs $1,500-$14,500. Full Minnesota cost breakdown with c
Coffee Shop
Starting a coffee shop in Minnesota costs $24,500-$293,500. Full Minnesota cost breakdown with city
Dog Grooming Business
How much does it cost to start a dog grooming business in Minnesota? Expect $4,900-$98,000. Minnesot
Food Truck
Minnesota food truck startup costs: $27,500-$111,500. Complete guide to Minnesota licensing, hidden
Gym
How much does it cost to start a gym in Minnesota? Expect $49,000-$489,500. Minnesota-specific costs
Landscaping Business
Minnesota landscaping business startup costs: $4,900-$49,000. Complete guide to Minnesota licensing,
Personal Training Studio
How much does it cost to start a personal training studio in Minnesota? Expect $19,500-$98,000. Minn
Pressure Washing Business
Minnesota pressure washing business startup costs: $2,900-$19,500. Complete guide to Minnesota licen
Restaurant
Starting a restaurant in Minnesota costs $171,500-$734,500. Full Minnesota cost breakdown with city