Cost of Living in Carver, MN
Population 5,935 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Carver a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $428,000.
Geographically, Carver sits roughly 25 miles southwest of Minneapolis. Median home values run roughly 24% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Carver
The median home value in Carver is $427,600 — 40% above the national median of $305,000. Median rent runs $1,347/month, 3% higher than the national median of $1,314/month. The median household income of $144,408/year is 94% higher than the US median of $74,580. The local unemployment rate is 4.8%, 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, Carver has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.
Carver has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
Frequently Asked Questions
What is the cost of living in Carver, MN?
Carver has a cost index of 125 (100 = national average). It is 25% above the national average.
What is average rent in Carver, MN?
The median gross rent in Carver is $1,347 per month based on 2023 Census data.
What is the average home price in Carver?
The median home value in Carver is $427,600 according to Zillow and Census data.
What is the median income in Carver?
The median household income in Carver is $144,408 per year (2023 ACS 5-year estimates).
What is the sales tax in Carver, MN?
The combined state and local sales tax rate in Carver is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Carver, MN affordable?
Carver is above average in cost of living, with an index of 125 — about 25% higher than the national average.
Carver at a Glance
- Population
- 5,935
- Median Income
- $144,408
- Home Value
- $427,600
- Median Rent
- $1,347/mo
- Unemployment
- 4.8%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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