Cost of Living in St. Louis Park, MN
Population 49,541 · Minnesota · Data vintage 2023
(100 = US avg)
Most of St. Louis Park's cost indicators track within a reasonable band of national figures, with median household incomes near $100,250 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Located 5 miles west of Minneapolis, St. Louis Park falls within that metro's commuting orbit. Median home values run roughly 8% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in St. Louis Park
The median home value in St. Louis Park is $371,600 — 22% above the national median of $305,000. Median rent runs $1,589/month, 21% higher than the national median of $1,314/month. The median household income of $100,250/year is 34% 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, St. Louis Park has a cost of living index of 121 versus the US average of 100, meaning it is 21% 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 St. Louis Park, MN?
St. Louis Park has a cost index of 121 (100 = national average). It is 21% above the national average.
What is average rent in St. Louis Park, MN?
The median gross rent in St. Louis Park is $1,589 per month based on 2023 Census data.
What is the average home price in St. Louis Park?
The median home value in St. Louis Park is $371,600 according to Zillow and Census data.
What is the median income in St. Louis Park?
The median household income in St. Louis Park is $100,250 per year (2023 ACS 5-year estimates).
What is the sales tax in St. Louis Park, MN?
The combined state and local sales tax rate in St. Louis Park is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is St. Louis Park, MN affordable?
St. Louis Park is above average in cost of living, with an index of 121 — about 21% higher than the national average.
St. Louis Park at a Glance
- Population
- 49,541
- Median Income
- $100,250
- Home Value
- $371,600
- Median Rent
- $1,589/mo
- Unemployment
- 3.3%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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