Cost of Living in Andover, MN
Population 32,825 · Minnesota · Data vintage 2023
(100 = US avg)
The Andover cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $389,000, rents near $1,827 a month. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.
Andover sits roughly 20 miles north of Minneapolis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Andover
The median home value in Andover is $389,200 — 28% above the national median of $305,000. Median rent runs $1,827/month, 39% higher than the national median of $1,314/month. The median household income of $131,528/year is 76% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Andover has a cost of living index of 132 versus the US average of 100, meaning it is 32% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Andover, MN?
Andover has a cost index of 132 (100 = national average). It is 32% above the national average.
What is average rent in Andover, MN?
The median gross rent in Andover is $1,827 per month based on 2023 Census data.
What is the average home price in Andover?
The median home value in Andover is $389,200 according to Zillow and Census data.
What is the median income in Andover?
The median household income in Andover is $131,528 per year (2023 ACS 5-year estimates).
What is the sales tax in Andover, MN?
The combined state and local sales tax rate in Andover is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Andover, MN affordable?
Andover is above average in cost of living, with an index of 132 — about 32% higher than the national average.
Andover at a Glance
- Population
- 32,825
- Median Income
- $131,528
- Home Value
- $389,200
- Median Rent
- $1,827/mo
- Unemployment
- 2.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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