Cost of Living in Inver Grove Heights, MN

Population 35,772 · Minnesota · Data vintage 2023

113

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Inver Grove Heights lands reasonably close to national benchmarks on most cost indicators, with a median home value of $352,000 — 16% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Minnesota.

Inver Grove Heights sits roughly 9 miles south of St. Paul — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 26% higher than St. Paul's $280,000.

Cost Overview

Housing 116

Rent 110

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Inver Grove Heights

The median home value in Inver Grove Heights is $352,300 — 16% above the national median of $305,000. Median rent runs $1,447/month, 10% higher than the national median of $1,314/month. The median household income of $104,055/year is 40% higher than the US median of $74,580. The local unemployment rate is 3.6%, 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, Inver Grove Heights has a cost of living index of 113 versus the US average of 100, meaning it is 13% more expensive.

🏠 Housing

Median Home Value

$352,300

16% above avg

Zillow Home Value

$368,056

Zillow ZHVI

Median Rent

$1,447/mo

10% above avg

Zillow Rent

$1,895/mo

Zillow ZORI

Price-to-Rent Ratio

20.3x

Favors renting

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$702

1 BR

$784

2 BR

$937

3 BR

$1,307

4 BR

$1,537

Owner-occupied 75.5%

Renter-occupied 24.5%

💰 Estimated Monthly Budget

Rent median rent

$1,447

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,061/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

25.0 min

7% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

21.8%

Commute Mode

Drove alone

67.2%

Carpooled

5.6%

Public transit

2.3%

Walked

1.5%

Bicycle

0.6%

Work from home

21.8%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 9.8%

Total Sales Tax 7.4%

State rate 6.9%

Avg local rate 0.6%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$104,055

40% above avg

Per Capita Income

$53,071

Unemployment Rate

3.6%

25% below avg

Poverty Rate

4.6%

Labor Force Participation

70.9%

🎓 Education

Bachelor's degree+ 28.9%

Graduate degree 14.2%

👥 Demographics

Median Age 41.1

Male median age 40.3

Female median age 41.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good

50.4%

Good air days/yr

185

Max AQI recorded

355

PM2.5 days

Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%

4-Year Graduation Rate

17.1:1

Student-teacher ratio

Public schools

3,612

Total enrollment

Frequently Asked Questions

What is the cost of living in Inver Grove Heights, MN?

Inver Grove Heights has a cost index of 113 (100 = national average). It is 13% above the national average.

What is average rent in Inver Grove Heights, MN?

The median gross rent in Inver Grove Heights is $1,447 per month based on 2023 Census data.

What is the average home price in Inver Grove Heights?

The median home value in Inver Grove Heights is $352,300 according to Zillow and Census data.

What is the median income in Inver Grove Heights?

The median household income in Inver Grove Heights is $104,055 per year (2023 ACS 5-year estimates).

What is the sales tax in Inver Grove Heights, MN?

The combined state and local sales tax rate in Inver Grove Heights is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Inver Grove Heights, MN affordable?

Inver Grove Heights is above average in cost of living, with an index of 113 — about 13% higher than the national average.

Inver Grove Heights at a Glance

Population: 35,772
Median Income: $104,055
Home Value: $352,300
Median Rent: $1,447/mo
Unemployment: 3.6%
Sales Tax: 7.4%

View all cities in Minnesota →

Nearby Cities

🗺️ County data for Minnesota

Explore county-level cost of living data

Minnesota Rankings

Similar Cost Cities

Cities in other states with comparable housing costs