Cost of Living in Ham Lake, MN
Population 16,575 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Ham Lake a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $430,000. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.
Geographically, Ham Lake sits roughly 20 miles north 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 Ham Lake
The median home value in Ham Lake is $430,100 — 41% above the national median of $305,000. Median rent runs $1,319/month, equal to than the national median of $1,314/month. The median household income of $116,845/year is 57% higher than the US median of $74,580. The local unemployment rate is 2.6%, 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, Ham Lake has a cost of living index of 125 versus the US average of 100, meaning it is 25% 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 Ham Lake, MN?
Ham Lake has a cost index of 125 (100 = national average). It is 25% above the national average.
What is average rent in Ham Lake, MN?
The median gross rent in Ham Lake is $1,319 per month based on 2023 Census data.
What is the average home price in Ham Lake?
The median home value in Ham Lake is $430,100 according to Zillow and Census data.
What is the median income in Ham Lake?
The median household income in Ham Lake is $116,845 per year (2023 ACS 5-year estimates).
What is the sales tax in Ham Lake, MN?
The combined state and local sales tax rate in Ham Lake is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Ham Lake, MN affordable?
Ham Lake is above average in cost of living, with an index of 125 — about 25% higher than the national average.
Ham Lake at a Glance
- Population
- 16,575
- Median Income
- $116,845
- Home Value
- $430,100
- Median Rent
- $1,319/mo
- Unemployment
- 2.6%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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