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Cost of Living in Oakdale, MN

Population 28,585 · Census ACS 2020–2024 5-year estimates

Median rent$1,481
Median home value$318,100
Median household income$93,772

The median rent in Oakdale, MN is $1,481/month, 16% higher than the Minnesota median and 5% higher than the U.S. median. The median home value is $318,100, 4% lower than the national median. Households earn a median of $93,772 a year, 5% higher than the state median.

Affordability

Rent as a share of median income: 19.0%
Income needed for median rent (30% rule): $59,240/yr
Home price-to-income ratio: 3.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,608/mo

Run your own numbers: mortgage calculator · hourly to salary

Oakdale vs. Minnesota vs. U.S.

OakdaleMinnesotaU.S.
Median rent$1,481$1,280$1,413
Median home value$318,100$329,300$332,700
Median household income$93,772$89,062$80,734
Homeownership rate77.5%72.2%65.2%
Bachelor's degree or higher35.6%39.4%35.7%
Poverty rate5.7%9.3%12.5%
Unemployment rate3.2%4.1%5.2%
Work from home19.5%17.6%15.1%
Median age39.738.838.9

FAQ

What is the average rent in Oakdale, MN?

The median gross rent in Oakdale, MN is $1,481 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Oakdale, MN?

Using the common 30% rule, renting a median-priced home takes about $59,240 a year in gross income.

Is Oakdale, MN expensive to live in?

Rent there is 5% higher than the U.S. median, and the median home costs about 3.4 times the median household income.

Other cities in Minnesota

Minneapolis, MNRent $1,371 · Income $80,846St. Paul, MNRent $1,281 · Income $73,394Rochester, MNRent $1,399 · Income $89,389Bloomington, MNRent $1,561 · Income $93,211Duluth, MNRent $1,087 · Income $68,807Brooklyn Park, MNRent $1,325 · Income $89,891

Cities with a similar cost of living

Hilton Head Island, SCRent $1,479 · Income $94,657Homewood, ALRent $1,463 · Income $94,485Merritt Island, FLRent $1,441 · Income $94,012Richland, WARent $1,468 · Income $95,813West Valley City, UTRent $1,504 · Income $92,209Lake Jackson, TXRent $1,478 · Income $90,938

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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