Cost of Living in Mound, MN
Population 9,176 · Minnesota · Data vintage 2023
(100 = US avg)
Mound 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.
Located 20 miles west of Minneapolis, Mound falls within that metro's commuting orbit. Housing prices track closely with Minneapolis' $346,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mound
The median home value in Mound is $348,600 — 14% above the national median of $305,000. Median rent runs $1,119/month, 15% lower than the national median of $1,314/month. The median household income of $91,370/year is 23% higher than the US median of $74,580. The local unemployment rate is 4.1%, 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, Mound has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.
Mound 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 Mound, MN?
Mound has a cost index of 103 (100 = national average). It is 3% above the national average.
What is average rent in Mound, MN?
The median gross rent in Mound is $1,119 per month based on 2023 Census data.
What is the average home price in Mound?
The median home value in Mound is $348,600 according to Zillow and Census data.
What is the median income in Mound?
The median household income in Mound is $91,370 per year (2023 ACS 5-year estimates).
What is the sales tax in Mound, MN?
The combined state and local sales tax rate in Mound is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Mound, MN affordable?
Mound is near the national average in terms of cost of living, with an index of 103 (100 = US average).
Mound at a Glance
- Population
- 9,176
- Median Income
- $91,370
- Home Value
- $348,600
- Median Rent
- $1,119/mo
- Unemployment
- 4.1%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs