Anoka, MN

Average · 90

Minnesota · Population 17,941 · Updated March 2026

$1,200
Median Rent / Month
$75,262
Median Income
$292,900
Median Home Value
$1,348
Owner Costs / Month

Affordability

How far your income goes in Anoka

19.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$14,400
Annual Rent
$7,413
State Income Tax
$3,251
Property Tax (est.)

Cost of Living Overview

Anoka offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Anoka residents can expect to pay median rent of $1,200/month while earning a median household income of $75,262/year.

The median home value in Anoka, MN is $292,900, with typical monthly owner costs around $1,348 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in Anoka.

Frequently Asked Questions

Common questions about living costs in Anoka

What is the cost of living in Anoka, MN?
The cost of living index in Anoka, MN is 90 (US average = 100). Median monthly rent is $1,200, median household income is $75,262/year, and the median home value is $292,900.
Is Anoka, MN affordable?
Yes, Anoka is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 19.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Anoka, MN?
The median gross rent in Anoka, MN is $1,200 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,400.
What is the median household income in Anoka?
The median household income in Anoka, MN is $75,262 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.