Cost of Living in Mounds View, MN
Population 12,992 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Mounds View a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $295,000.
Located 10 miles northeast of Minneapolis, Mounds View falls within that metro's commuting orbit. Median home values run roughly 15% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mounds View
The median home value in Mounds View is $294,500 — 3% below the national median of $305,000. Median rent runs $1,216/month, 7% lower than the national median of $1,314/month. The median household income of $90,148/year is 21% higher than the US median of $74,580. The local unemployment rate is 3.3%, 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, Mounds View has a cost of living index of 95 versus the US average of 100, meaning it is 5% less 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 Mounds View, MN?
Mounds View has a cost index of 95 (100 = national average). It is 5% below the national average.
What is average rent in Mounds View, MN?
The median gross rent in Mounds View is $1,216 per month based on 2023 Census data.
What is the average home price in Mounds View?
The median home value in Mounds View is $294,500 according to Zillow and Census data.
What is the median income in Mounds View?
The median household income in Mounds View is $90,148 per year (2023 ACS 5-year estimates).
What is the sales tax in Mounds View, MN?
The combined state and local sales tax rate in Mounds View is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Mounds View, MN affordable?
Mounds View is near the national average in terms of cost of living, with an index of 95 (100 = US average).
Mounds View at a Glance
- Population
- 12,992
- Median Income
- $90,148
- Home Value
- $294,500
- Median Rent
- $1,216/mo
- Unemployment
- 3.3%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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