These Are The 10 Most Expensive Places To Live In Minnesota For 2019


We used science and data to determine which cities in Minnesota that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2019. This is our fourth time ranking the most expensive places to live in Minnesota.

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Everyone wants a home that mixes affordability with comfort and Minnesota does this very well. Families love the North Star State’s beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state — and that’s how we’re going to help you.

These are the places in Minnesota that cost a pretty penny — the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Minnesota for 2019.

So where is the most expensive place to live in Minnesota? That would be Hopkins.

So hopefully Montevideo (the cheapest place to live in Minnesota) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Minnesota and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Minnesota For 2019

Hopkins, MN

Overall SnackAbility

8.5
/10

Population: 18,217
Rank Last Year: 2 (Up 1)
Home Price To Income Ratio: 4.0x (7th most expensive)
Income To Rent Ratio: 54.8x (6th most expensive)
More on Hopkins: Real Estate | Data | Photos

Hopkins is a suburban city in Hennepin County, Minnesota, United States, located west of Minneapolis. The city is four square miles in size and is surrounded by the larger, west suburban communities of Minnetonka, Saint Louis Park, and Edina. Hopkins is about 98% developed with little remaining vacant land. The population was 17,591 at the 2010 census.

The median income in Hopkins comes in at $53,027 and the median home value is $214,200 for 2019.

Minneapolis, MN

Overall SnackAbility

7
/10

Population: 411,452
Rank Last Year: 1 (Down 2)
Home Price To Income Ratio: 4.0x (8th most expensive)
Income To Rent Ratio: 59.2x (17th most expensive)
More on Minneapolis: Real Estate | Data | Photos

Minneapolis ) is the county seat of Hennepin County, and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2016, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States, with an estimated population of 413,651. The Twin Cities metropolitan area consists of Minneapolis, its neighbor Saint Paul, and suburbs which together contain about 3.5 million people, the second-largest economic center in the Midwest, after Chicago.

The median income in Minneapolis comes in at $55,720 and the median home value is $222,600 for 2019.

Overall SnackAbility

7
/10

Population: 10,321
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 4.1x (6th most expensive)
Income To Rent Ratio: 55.7x (8th most expensive)
More on Little Canada: Real Estate | Data

Little Canada is a city in Ramsey County, Minnesota, United States. It is an inner ring suburb of Minneapolis-Saint Paul. The population was 9,773 at the 2010 census.

The median income in Little Canada comes in at $49,750 and the median home value is $202,700 for 2019.

Minnetonka, MN

Source: Public domain
Overall SnackAbility

10
/10

Population: 52,102
Rank Last Year: 6 (Up 3)
Home Price To Income Ratio: 3.6x (13th most expensive)
Income To Rent Ratio: 67.3x (54th most expensive)
More on Minnetonka: Real Estate | Data | Photos

Minnetonka is a suburban city in Hennepin County, Minnesota, United States, eight miles west of Minneapolis. The population was 49,734 at the 2010 census. The name comes from the Dakota Indian mni tanka, meaning “great water”. The city is the home of Cargill, the country’s largest privately owned company, and United Healthcare, the state’s largest publicly owned company.

The median income in Minnetonka comes in at $86,672 and the median home value is $315,800 for 2019.

Minnetrista, MN

Overall SnackAbility

9.5
/10

Population: 7,187
Rank Last Year: 7 (Up 2)
Home Price To Income Ratio: 3.0x (63rd most expensive)
Income To Rent Ratio: 59.1x (16th most expensive)
More on Minnetrista: Real Estate | Data | Photos

The median income in Minnetrista comes in at $148,783 and the median home value is $445,900 for 2019.

New Hope, MN

Overall SnackAbility

8.5
/10

Population: 20,909
Rank Last Year: 5 (Down 1)
Home Price To Income Ratio: 3.8x (11th most expensive)
Income To Rent Ratio: 56.5x (10th most expensive)
More on New Hope: Real Estate | Data | Photos

New Hope is a city in Hennepin County, Minnesota, United States and a suburb of Minneapolis. The population was 20,339 at the 2010 census and 21,032 at the 2015 estimate.

The median income in New Hope comes in at $53,228 and the median home value is $202,400 for 2019.

Arden Hills, MN

Overall SnackAbility

7
/10

Population: 10,250
Rank Last Year: 26 (Up 19)
Home Price To Income Ratio: 3.2x (45th most expensive)
Income To Rent Ratio: 61.9x (24th most expensive)
More on Arden Hills: Real Estate | Data | Photos

The median income in Arden Hills comes in at $89,831 and the median home value is $283,700 for 2019.

Edina, MN

Overall SnackAbility

10
/10

Population: 50,603
Rank Last Year: 4 (Down 4)
Home Price To Income Ratio: 4.5x (2nd most expensive)
Income To Rent Ratio: 74.9x (88th most expensive)
More on Edina: Real Estate | Data | Photos

Edina ee-DY-n), officially known as the City of Edina, is a city in Hennepin County, Minnesota, United States, and a suburb situated immediately southwest of Minneapolis. Edina began as a small farming and milling community in the 1860s. The population was 47,941, as of 2010.

The median income in Edina comes in at $96,477 and the median home value is $438,300 for 2019.

St. Louis Park, MN

Source: Public domain
Overall SnackAbility

9
/10

Population: 48,124
Rank Last Year: 8 (Down 1)
Home Price To Income Ratio: 3.4x (22nd most expensive)
Income To Rent Ratio: 63.6x (34th most expensive)
More on St. Louis Park: Real Estate | Data | Photos

Saint Louis Park is a city in Hennepin County, Minnesota, United States. The population was 45,250 at the 2010 census. It is a first-ring suburb immediately west of Minneapolis. Other adjacent cities include Edina, Golden Valley, Minnetonka, Plymouth, and Hopkins.

The median income in St. Louis Park comes in at $71,346 and the median home value is $239,800 for 2019.

Burnsville, MN

Overall SnackAbility

8.5
/10

Population: 61,302
Rank Last Year: 15 (Up 5)
Home Price To Income Ratio: 3.3x (25th most expensive)
Income To Rent Ratio: 60.7x (21st most expensive)
More on Burnsville: Real Estate | Data | Photos

Burnsville is a city 15 miles south of downtown Minneapolis in Dakota County in the State of Minnesota. The city lies on the south bank of the Minnesota River, upstream from its confluence with the Mississippi River. Burnsville and nearby suburbs form the southern portion of Minneapolis-Saint Paul, the fifteenth largest metropolitan area in the United States, with about 3.6 million residents. According to the 2010 census, the population is 61,481.

The median income in Burnsville comes in at $67,397 and the median home value is $224,700 for 2019.

How We Determined The Most Expensive Places To Live In The North Star State For 2019

Map Of The Cheapest Places To Live In Minnesota
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Minnesota to figure out which is the most expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 144 places in Minnesota that have more than 5,000 people.

The place with the highest cost of living in Minnesota according to the data is Hopkins.

Taking A Chunk Out Of Your Paycheck In Minnesota For 2019

Well there you have it, the places in Minnesota that have the highest cost of living, with Hopkins ranking as the most expensive city in the North Star State.

Here’s a look at the most affordable cities in Minnesota according to the data:

  1. Montevideo
  2. Hibbing
  3. New Ulm

For more Minnesota reading, check out:

Detailed List Of The Most Expensive Cities In Minnesota

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Hopkins 24.33 18,217 4.0x 54.8x
2 Minneapolis 26.33 411,452 4.0x 59.2x
3 Little Canada 26.33 10,321 4.1x 55.7x
4 Minnetonka 26.33 52,102 3.6x 67.3x
5 Minnetrista 27.33 7,187 3.0x 59.1x
6 New Hope 29.0 20,909 3.8x 56.5x
7 Arden Hills 29.33 10,250 3.2x 61.9x
8 Edina 31.33 50,603 4.5x 74.9x
9 St. Louis Park 31.67 48,124 3.4x 63.6x
10 Burnsville 32.0 61,302 3.3x 60.7x
11 St. Anthony 34.0 8,930 3.5x 65.9x
12 St. Paul 36.0 300,820 3.5x 58.6x
13 Falcon Heights 36.0 5,560 4.1x 74.1x
14 Detroit Lakes 36.33 9,078 4.4x 50.7x
15 Plymouth 37.33 76,258 3.6x 74.1x
16 West St. Paul 37.5 19,750 3.5x 58.6x
17 Golden Valley 39.0 21,208 3.2x 67.3x
18 Hermantown 39.67 9,603 3.2x 60.2x
19 Anoka 40.0 17,374 3.5x 57.0x
20 Mankato 40.67 41,241 3.7x 54.9x
21 Bloomington 41.0 85,417 3.2x 65.6x
22 Richfield 41.33 35,993 3.3x 62.1x
23 Orono 41.67 7,887 4.3x 82.6x
24 Roseville 42.67 35,624 3.5x 70.2x
25 Maplewood 45.0 40,127 3.1x 58.6x
26 Bemidji 46.33 14,803 3.9x 48.5x
27 Medina 47.33 5,920 4.6x 100.7x
28 Jordan 49.33 6,079 3.1x 63.0x
29 Lake Elmo 49.33 8,621 3.9x 93.3x
30 Forest Lake 49.67 19,406 3.3x 73.7x
31 Alexandria 49.67 13,203 3.6x 63.5x
32 Eden Prairie 50.67 63,660 3.2x 80.2x
33 New Brighton 50.67 22,440 3.3x 73.7x
34 Waite Park 52.67 7,457 3.3x 50.6x
35 White Bear Lake 53.33 25,411 3.1x 64.8x
36 Shorewood 55.0 7,696 3.4x 98.9x
37 Columbia Heights 55.33 19,823 3.2x 56.6x
38 Oakdale 55.67 27,972 3.0x 64.3x
39 St. Peter 55.67 11,682 3.1x 59.7x
40 Woodbury 55.67 67,648 2.9x 71.3x
41 Mendota Heights 56.0 11,253 3.4x 96.7x
42 Fridley 56.33 27,573 3.1x 61.8x
43 Shoreview 56.33 26,432 2.9x 70.1x
44 Duluth 56.67 86,066 3.2x 61.4x
45 Hugo 56.67 14,415 2.8x 66.7x
46 Eagan 57.67 66,102 3.1x 75.9x
47 Inver Grove Heights 58.0 34,976 3.1x 71.6x
48 Morris 59.0 5,326 3.2x 62.5x
49 Mahtomedi 59.33 8,005 3.2x 87.9x
50 Brainerd 59.33 13,394 3.2x 48.9x
51 Shakopee 60.67 40,024 2.9x 69.6x
52 Stillwater 60.67 19,232 3.1x 78.1x
53 Brooklyn Center 61.33 30,885 3.0x 52.6x
54 Corcoran 61.33 5,671 3.0x 77.8x
55 Baxter 62.33 7,988 3.0x 67.2x
56 Red Wing 63.5 16,334 3.2x 66.6x
57 Andover 63.67 32,257 2.5x 64.8x
58 Maple Grove 65.33 68,362 2.6x 70.0x
59 Chanhassen 66.33 25,108 3.0x 91.1x
60 Little Falls 66.83 8,648 3.2x 63.6x
61 Apple Valley 67.0 51,109 2.7x 69.1x
62 Chaska 67.0 25,578 3.0x 80.3x
63 Lakeville 67.0 61,056 2.7x 73.3x
64 St. Cloud 67.0 67,093 3.1x 63.7x
65 Spring Lake Park 68.67 6,535 2.9x 63.6x
66 Delano 69.0 5,854 3.3x 121.8x
67 Northfield 69.0 20,297 3.3x 80.2x
68 Mounds View 69.33 12,872 3.0x 68.8x
69 South St. Paul 69.67 20,280 2.9x 64.6x
70 East Grand Forks 71.67 8,614 3.3x 77.1x
71 Cambridge 72.33 8,462 2.8x 56.4x
72 Crystal 72.67 22,910 2.7x 59.7x
73 Oak Grove 73.0 8,453 2.6x 73.4x
74 Prior Lake 73.67 25,452 2.9x 87.7x
75 Coon Rapids 74.33 62,342 2.6x 62.8x
76 Victoria 74.33 8,679 2.9x 127.8x
77 North St. Paul 74.83 12,241 3.0x 72.8x
78 Winona 75.33 27,153 3.2x 69.1x
79 Monticello 75.67 13,316 2.8x 67.4x
80 Ramsey 76.0 25,853 2.4x 66.0x
81 Sauk Rapids 76.0 13,354 3.1x 71.3x
82 Waconia 76.33 11,751 3.0x 96.4x
83 Brooklyn Park 77.67 79,462 2.8x 72.5x
84 Moorhead 77.67 41,801 3.0x 72.5x
85 Faribault 78.0 23,577 2.9x 64.5x
86 Ham Lake 78.33 16,119 2.9x 104.3x
87 Lake City 78.67 5,154 2.8x 63.4x
88 Stewartville 78.83 6,115 2.9x 68.8x
89 Grand Rapids 79.33 11,099 3.2x 71.9x
90 Vadnais Heights 79.33 13,283 2.8x 76.8x
91 East Bethel 79.67 11,733 2.6x 72.2x
92 Buffalo 79.67 15,996 2.8x 70.2x
93 Robbinsdale 80.0 14,446 2.7x 67.0x
94 Hastings 81.33 22,620 2.9x 75.7x
95 Dayton 82.0 5,238 2.8x 84.5x
96 Savage 83.0 30,011 2.7x 88.5x
97 Lino Lakes 84.33 20,950 2.5x 80.9x
98 Blaine 85.33 62,453 2.5x 71.9x
99 Elk River 85.33 23,924 2.7x 80.0x
100 Cottage Grove 86.33 35,902 2.5x 75.0x

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