Cost of Living in Ramsey, MN
Population 28,070 · Minnesota · Data vintage 2023
(100 = US avg)
Ramsey lands reasonably close to national benchmarks on most cost indicators, with a median home value of $345,000 — 13% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Minnesota.
Ramsey sits roughly 20 miles northwest of Minneapolis — close enough that regional housing and labor patterns are shaped largely by the larger market. 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 Ramsey
The median home value in Ramsey is $345,000 — 13% above the national median of $305,000. Median rent runs $1,780/month, 35% higher than the national median of $1,314/month. The median household income of $112,060/year is 50% higher than the US median of $74,580. The local unemployment rate is 4.5%, 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, Ramsey has a cost of living index of 122 versus the US average of 100, meaning it is 22% 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Ramsey, MN?
Ramsey has a cost index of 122 (100 = national average). It is 22% above the national average.
What is average rent in Ramsey, MN?
The median gross rent in Ramsey is $1,780 per month based on 2023 Census data.
What is the average home price in Ramsey?
The median home value in Ramsey is $345,000 according to Zillow and Census data.
What is the median income in Ramsey?
The median household income in Ramsey is $112,060 per year (2023 ACS 5-year estimates).
What is the sales tax in Ramsey, MN?
The combined state and local sales tax rate in Ramsey is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Ramsey, MN affordable?
Ramsey is above average in cost of living, with an index of 122 — about 22% higher than the national average.
Ramsey at a Glance
- Population
- 28,070
- Median Income
- $112,060
- Home Value
- $345,000
- Median Rent
- $1,780/mo
- Unemployment
- 4.5%
- Sales Tax
- 7.4%
Explore county-level cost of living data
Minnesota Rankings
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