 In 2011 the three-year average median household income in the state was $56,869, 12th highest statewide average in the nation.In contrast, 9.8% of individuals live below the poverty line, ranking 44th in the nation.Minnesota ranks first in the nation in owner-occupied home ownership, with 75.8% of residents living in their own home, with an average mortgage payment of $1,351 per month.