Cost of Living in Jordan, MN

Population 6,704 · Minnesota · Data vintage 2023

96
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Jordan sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.

Jordan is about 30 miles southwest of Minneapolis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 8% lower than Minneapolis' $346,000.

Cost Overview

Housing 105
Rent 84

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

About the Cost of Living in Jordan

The median home value in Jordan is $319,000 — 5% above the national median of $305,000. Median rent runs $1,102/month, 16% lower than the national median of $1,314/month. The median household income of $110,139/year is 48% higher than the US median of $74,580. The local unemployment rate is 2.8%, 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, Jordan has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.

🏠 Housing

Median Home Value
$319,000
5% above avg
Zillow Home Value
$430,957
Zillow ZHVI
Median Rent
$1,102/mo
16% below avg
Price-to-Rent Ratio
24.1x
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 86.4%
Renter-occupied 13.6%

💰 Estimated Monthly Budget

Rent median rent
$1,102
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,716/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
29.4 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.9%

Commute Mode

Drove alone
77.9%
Carpooled
7.9%
Public transit
0.3%
Walked
1.1%
Work from home
10.9%

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
$110,139
48% above avg
Per Capita Income
$38,543
Unemployment Rate
2.8%
43% below avg
Poverty Rate
6.1%
Labor Force Participation
85.8%

🎓 Education

Bachelor's degree+ 18.0%
Graduate degree 5.4%

👥 Demographics

Median Age 35.4
Male median age 34.6
Female median age 35.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
47.4%
Good air days/yr
179
Max AQI recorded
219
PM2.5 days
146
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
15.4:1
Student-teacher ratio
4
Public schools
1,907
Total enrollment

Frequently Asked Questions

What is the cost of living in Jordan, MN?

Jordan has a cost index of 96 (100 = national average). It is 4% below the national average.

What is average rent in Jordan, MN?

The median gross rent in Jordan is $1,102 per month based on 2023 Census data.

What is the average home price in Jordan?

The median home value in Jordan is $319,000 according to Zillow and Census data.

What is the median income in Jordan?

The median household income in Jordan is $110,139 per year (2023 ACS 5-year estimates).

What is the sales tax in Jordan, MN?

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

Is Jordan, MN affordable?

Jordan is near the national average in terms of cost of living, with an index of 96 (100 = US average).

Jordan at a Glance

Population
6,704
Median Income
$110,139
Home Value
$319,000
Median Rent
$1,102/mo
Unemployment
2.8%
Sales Tax
7.4%
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🗺️ County data for Minnesota

Explore county-level cost of living data

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