Cost of Living in Spring Lake Park, MN

Population 6,997 · Minnesota · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Spring Lake Park is a smaller Minnesota community of around 7000 residents, where median household incomes of $77,112 and housing costs ($282,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.7% — below most comparable cities in the state.

Geographically, Spring Lake Park sits roughly 11 miles north of Minneapolis. Median home values run roughly 18% lower than Minneapolis' $346,000.

Cost Overview

Housing 92

Rent 105

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

About the Cost of Living in Spring Lake Park

The median home value in Spring Lake Park is $281,800 — 8% below the national median of $305,000. Median rent runs $1,375/month, 5% higher than the national median of $1,314/month. The median household income of $77,112/year is 3% higher than the US median of $74,580. The local unemployment rate is 1.7%, 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, Spring Lake Park has a cost of living index of 97 versus the US average of 100, meaning it is 3% less expensive.

📍

Spring Lake Park 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:

Mounds View, MN

Median home: $294,500

Rent: $1,216/mo

Income: $90,148

Fridley, MN

Median home: $277,100

Rent: $1,270/mo

Income: $79,274

New Brighton, MN

Median home: $345,900

Rent: $1,327/mo

Income: $87,272

Blaine, MN

Median home: $327,500

Rent: $1,707/mo

Income: $103,382

Columbia Heights, MN

Median home: $259,900

Rent: $1,278/mo

Income: $74,688

🏠 Housing

Median Home Value

$281,800

8% below avg

Zillow Home Value

$336,435

Zillow ZHVI

Median Rent

$1,375/mo

5% above avg

Price-to-Rent Ratio

17.1x

Favors buying

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 71.3%

Renter-occupied 28.7%

💰 Estimated Monthly Budget

Rent median rent

$1,375

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,989/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

24.0 min

11% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

15.1%

Commute Mode

Drove alone

68.9%

Carpooled

12.2%

Public transit

2.4%

Walked

0.5%

Bicycle

0.3%

Work from home

15.1%

⚡ 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

$77,112

3% above avg

Per Capita Income

$37,399

Unemployment Rate

1.7%

65% below avg

Poverty Rate

14.3%

Labor Force Participation

64.5%

🎓 Education

Bachelor's degree+ 18.9%

Graduate degree 7.2%

👥 Demographics

Median Age 39.6

Male median age 38

Female median age 39.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good

59.5%

Good air days/yr

175

Max AQI recorded

164

PM2.5 days

194

Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

78%

4-Year Graduation Rate

17.6:1

Student-teacher ratio

Public schools

6,197

Total enrollment

Frequently Asked Questions

What is the cost of living in Spring Lake Park, MN?

Spring Lake Park has a cost index of 97 (100 = national average). It is 3% below the national average.

What is average rent in Spring Lake Park, MN?

The median gross rent in Spring Lake Park is $1,375 per month based on 2023 Census data.

What is the average home price in Spring Lake Park?

The median home value in Spring Lake Park is $281,800 according to Zillow and Census data.

What is the median income in Spring Lake Park?

The median household income in Spring Lake Park is $77,112 per year (2023 ACS 5-year estimates).

What is the sales tax in Spring Lake Park, MN?

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

Is Spring Lake Park, MN affordable?

Spring Lake Park is near the national average in terms of cost of living, with an index of 97 (100 = US average).

Spring Lake Park at a Glance

Population: 6,997
Median Income: $77,112
Home Value: $281,800
Median Rent: $1,375/mo
Unemployment: 1.7%
Sales Tax: 7.4%

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