Cost of Living in Northfield, MN
Population 20,742 · Census ACS 2020–2024 5-year estimates
The median rent in Northfield, MN is $1,103/month, 14% lower than the Minnesota median and 22% lower than the U.S. median. The median home value is $329,400, about the same as the national median. Households earn a median of $84,895 a year, 5% lower than the state median.
Affordability
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Northfield vs. Minnesota vs. U.S.
| Northfield | Minnesota | U.S. | |
|---|---|---|---|
| Median rent | $1,103 | $1,280 | $1,413 |
| Median home value | $329,400 | $329,300 | $332,700 |
| Median household income | $84,895 | $89,062 | $80,734 |
| Homeownership rate | 69.3% | 72.2% | 65.2% |
| Bachelor's degree or higher | 53.3% | 39.4% | 35.7% |
| Poverty rate | 8.8% | 9.3% | 12.5% |
| Unemployment rate | 4.9% | 4.1% | 5.2% |
| Work from home | 16.2% | 17.6% | 15.1% |
| Median age | 28.2 | 38.8 | 38.9 |
FAQ
What is the average rent in Northfield, MN?
The median gross rent in Northfield, MN is $1,103 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Northfield, MN?
Using the common 30% rule, renting a median-priced home takes about $44,120 a year in gross income.
Is Northfield, MN expensive to live in?
Rent there is 22% lower than the U.S. median, and the median home costs about 3.9 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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