Cost of Living in Savage, MN
Population 32,706 · Minnesota · Data vintage 2023
(100 = US avg)
Savage lands reasonably close to national benchmarks on most cost indicators, with a median home value of $396,000 — 30% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Minnesota.
Located 15 miles southwest of Minneapolis, Savage falls within that metro's commuting orbit. Median home values run roughly 14% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Savage
The median home value in Savage is $395,600 — 30% above the national median of $305,000. Median rent runs $1,608/month, 22% higher than the national median of $1,314/month. The median household income of $122,646/year is 64% 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, Savage has a cost of living index of 127 versus the US average of 100, meaning it is 27% 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
Frequently Asked Questions
What is the cost of living in Savage, MN?
Savage has a cost index of 127 (100 = national average). It is 27% above the national average.
What is average rent in Savage, MN?
The median gross rent in Savage is $1,608 per month based on 2023 Census data.
What is the average home price in Savage?
The median home value in Savage is $395,600 according to Zillow and Census data.
What is the median income in Savage?
The median household income in Savage is $122,646 per year (2023 ACS 5-year estimates).
What is the sales tax in Savage, MN?
The combined state and local sales tax rate in Savage is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Savage, MN affordable?
Savage is above average in cost of living, with an index of 127 — about 27% higher than the national average.
Savage at a Glance
- Population
- 32,706
- Median Income
- $122,646
- Home Value
- $395,600
- Median Rent
- $1,608/mo
- Unemployment
- 4.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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