Cost of Owning a Car in Minnesota
How Minnesota’s gas prices, electricity rates, sales tax and insurance costs affect what you’ll typically pay to own a vehicle.
Minnesota at a glance
Gas price
$3.35per gallon, illustrative averageElectricity
$0.14per kWh, illustrative averageSales tax
6.88%plus ~$80 average registrationInsurance in Minnesota runs close to the national average in this model, reflected as a 0.95× multiplier on our base class rates.
What drives the cost in Minnesota
Costs are pushed up mainly by sales tax (about $883 more over 5 years). Working in your favor: insurance rates (about $408 less over 5 years) and gas prices (about $389 less over 5 years). (Figures are for a typical SUV compared with the average state.)
5-year cost by vehicle class in Minnesota
Uses real market-average vehicle prices per class (from our 152-vehicle MarketCheck pull) combined with Minnesota-specific tax, fee, fuel and insurance data.
Sedan
$33,6105-year estimate, $560/moSUV / crossover
$45,8255-year estimate, $764/moTruck
$48,1105-year estimate, $802/moElectric
$48,4715-year estimate, $808/moLuxury
$69,2975-year estimate, $1,155/moPopular vehicles: 5-year cost in Minnesota
2026 Toyota RAV4
$35,0515-year cost in MinnesotaFull breakdown →2026 Honda CR-V
$34,6805-year cost in MinnesotaFull breakdown →2026 Toyota Camry
$30,8745-year cost in MinnesotaFull breakdown →2026 Honda Civic
$26,6635-year cost in MinnesotaFull breakdown →2026 Ford F-150
$60,2605-year cost in MinnesotaFull breakdown →2026 Tesla Model Y
$38,4435-year cost in MinnesotaFull breakdown →2026 Chevrolet Equinox
$39,7125-year cost in MinnesotaFull breakdown →2026 Toyota Corolla
$26,6105-year cost in MinnesotaFull breakdown →EV vs. gas in Minnesota
At Minnesota’s $0.14/kWh electricity and $3.35/gal gas, charging a typical EV at home costs about $554 a year, versus about $1,297 a year to fuel a typical gas sedan — a savings of $742 per year. Run your own numbers with the EV vs. gas calculator.