Minnesota vs Wisconsin: two economies side by side

Minnesota and Wisconsin share a border. Here are the two economies on the same measures, with the rank of each among 51 states and DC.

Plains · Great LakesMinnesota leads on 5, Wisconsin on 6 of 11 measures

Indicator	A · MN	B · WI	Ranks
GDP, 2025	$515.1B	$478.8B	20 · 21
Real GDP growth, 2025	+0.70%	+0.82%	47 · 45
Real growth a year since 2015	+1.3%	+1.4%	40 · 35
GDP per person	$88,350	$80,160	20 · 29
Income per person, 2025	$78,197	$71,219	17 · 29
Real income per person (2017 $)	$62,039	$58,273	14 · 26
Price level (US = 100)	98.6	94.1	22 · 32
Housing costs (US = 100)	91.3	79.3	23 · 32
Unemployment, September 2026	4.5%	3.2%	39 · 10
Population	5,830,405	5,972,787	22 · 21
Population growth a year since 2020	+0.42%	+0.25%	30 · 37

Highlighted: the higher value, or the lower one for prices and unemployment. BEA (GDP, income, price parities), BLS (unemployment).

Fig. 1Real GDP, index 2015 = 100Chained 2017 dollars

MinnesotaWisconsin

Fig. 2Unemployment rateMonthly, seasonally adjusted, since 2015

MinnesotaWisconsin

Industry mix, 2025

Share of each state’s GDP. Sorted by the gap between the two.

Industry	MN	WI	Gap, pp	Larger in
Manufacturing	11.3%	16.1%	4.9	WI
Professional services	6.9%	5.0%	1.9	MN
Wholesale trade	7.6%	6.1%	1.5	MN
Health care	10.1%	8.7%	1.3	MN
Information	3.2%	4.1%	0.9	WI
Management of companies	3.3%	2.4%	0.9	MN
Real estate	12.6%	11.9%	0.7	MN
Finance & insurance	9.1%	9.6%	0.5	WI
Construction	5.0%	4.6%	0.5	MN
Government	9.5%	10.0%	0.5	WI
Accommodation & food	2.5%	2.9%	0.4	WI
Arts & recreation	1.1%	0.9%	0.2	MN
Retail trade	5.7%	5.9%	0.2	WI
Agriculture	1.6%	1.4%	0.2	MN
Transportation & warehousing	3.2%	3.0%	0.2	MN
Education	0.9%	1.1%	0.2	WI
Utilities	1.6%	1.5%	0.1	MN
Mining, oil & gas	0.3%	0.2%	0.1	MN
Other services	2.2%	2.3%	0.1	WI
Administrative & waste services	2.3%	2.4%	0.0