Cost of Living in Golden Valley, MN
Population 21,725 · Census ACS 2020–2024 5-year estimates
The median rent in Golden Valley, MN is $1,785/month, 39% higher than the Minnesota median and 26% higher than the U.S. median. The median home value is $431,400, 30% higher than the national median. Households earn a median of $108,772 a year, 22% higher than the state median.
Affordability
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Golden Valley vs. Minnesota vs. U.S.
| Golden Valley | Minnesota | U.S. | |
|---|---|---|---|
| Median rent | $1,785 | $1,280 | $1,413 |
| Median home value | $431,400 | $329,300 | $332,700 |
| Median household income | $108,772 | $89,062 | $80,734 |
| Homeownership rate | 70.7% | 72.2% | 65.2% |
| Bachelor's degree or higher | 60.0% | 39.4% | 35.7% |
| Poverty rate | 9.1% | 9.3% | 12.5% |
| Unemployment rate | 4.6% | 4.1% | 5.2% |
| Work from home | 29.5% | 17.6% | 15.1% |
| Median age | 44.2 | 38.8 | 38.9 |
FAQ
What is the average rent in Golden Valley, MN?
The median gross rent in Golden Valley, MN is $1,785 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Golden Valley, MN?
Using the common 30% rule, renting a median-priced home takes about $71,400 a year in gross income.
Is Golden Valley, MN expensive to live in?
Rent there is 26% higher than the U.S. median, and the median home costs about 4.0 times the median household income.
Other cities in Minnesota
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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