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Cost of Living in Anoka County, MN

Population 370,349 · Census ACS 2020–2024 5-year estimates

Median rent$1,464
Median home value$346,500
Median household income$101,869

The median rent in Anoka County, MN is $1,464/month, 14% higher than the Minnesota median and 4% higher than the U.S. median. The median home value is $346,500, 4% higher than the national median. Households earn a median of $101,869 a year, 14% higher than the state median.

Affordability

Rent as a share of median income: 17.2%
Income needed for median rent (30% rule): $58,560/yr
Home price-to-income ratio: 3.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,752/mo

Run your own numbers: mortgage calculator · hourly to salary

Anoka County vs. Minnesota vs. U.S.

Anoka CountyMinnesotaU.S.
Median rent$1,464$1,280$1,413
Median home value$346,500$329,300$332,700
Median household income$101,869$89,062$80,734
Homeownership rate80.2%72.2%65.2%
Bachelor's degree or higher32.2%39.4%35.7%
Poverty rate7.0%9.3%12.5%
Unemployment rate4.3%4.1%5.2%
Work from home17.2%17.6%15.1%
Median age38.838.838.9

FAQ

What is the average rent in Anoka County, MN?

The median gross rent in Anoka County, MN is $1,464 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $58,560 a year in gross income.

Is Anoka County, MN expensive to live in?

Rent there is 4% higher than the U.S. median, and the median home costs about 3.4 times the median household income.

Other counties in Minnesota

Hennepin County, MNRent $1,487 · Income $97,653Ramsey County, MNRent $1,329 · Income $81,568Dakota County, MNRent $1,548 · Income $106,318Washington County, MNRent $1,710 · Income $115,345St. Louis County, MNRent $1,013 · Income $70,069Olmsted County, MNRent $1,370 · Income $95,406

Counties with a similar cost of living

Juneau City and Borough, AKRent $1,444 · Income $101,661Kane County, ILRent $1,453 · Income $103,163Hendricks County, INRent $1,436 · Income $101,144Anchorage Municipality, AKRent $1,489 · Income $103,284Lower Connecticut River Valley Planning Region, CTRent $1,454 · Income $104,428Union County, NCRent $1,496 · Income $102,900

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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