Cost of Living in Credit River, MN
Population 5,531 · Minnesota · Data vintage 2023
(100 = US avg)
Home prices in Credit River run well above the national baseline, with a median of $578,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $149,524 place the city among the better-paid Minnesota metros. An unemployment rate of 2.4% points to a labor market well on the tight side of the national distribution.
Located 20 miles south of Minneapolis, Credit River falls within that metro's commuting orbit. Median home values run roughly 67% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Credit River
The median home value in Credit River is $577,600 — 89% above the national median of $305,000. Median rent runs $890/month, 32% lower than the national median of $1,314/month. The median household income of $149,524/year is 100% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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, Credit River has a cost of living index of 141 versus the US average of 100, meaning it is 41% more expensive.
Credit River 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Credit River, MN?
Credit River has a cost index of 141 (100 = national average). It is 41% above the national average.
What is average rent in Credit River, MN?
The median gross rent in Credit River is $890 per month based on 2023 Census data.
What is the average home price in Credit River?
The median home value in Credit River is $577,600 according to 2023 Census ACS data.
What is the median income in Credit River?
The median household income in Credit River is $149,524 per year (2023 ACS 5-year estimates).
What is the sales tax in Credit River, MN?
The combined state and local sales tax rate in Credit River is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Credit River, MN affordable?
Credit River is above average in cost of living, with an index of 141 — about 41% higher than the national average.
Credit River at a Glance
- Population
- 5,531
- Median Income
- $149,524
- Home Value
- $577,600
- Median Rent
- $890/mo
- Unemployment
- 2.4%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
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