Burnsville, MN

Average · 107

Minnesota · Population 64,295 · Updated March 2026

$1,501
Median Rent / Month
$83,953
Median Income
$335,100
Median Home Value
$1,545
Owner Costs / Month

Affordability

How far your income goes in Burnsville

21.5%
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

$18,012
Annual Rent
$8,269
State Income Tax
$3,720
Property Tax (est.)

Cost of Living Overview

Burnsville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 107 (where 100 equals the national median), Burnsville residents can expect to pay median rent of $1,501/month while earning a median household income of $83,953/year.

The median home value in Burnsville, MN is $335,100, with typical monthly owner costs around $1,545 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Burnsville.

Frequently Asked Questions

Common questions about living costs in Burnsville

What is the cost of living in Burnsville, MN?
The cost of living index in Burnsville, MN is 107 (US average = 100). Median monthly rent is $1,501, median household income is $83,953/year, and the median home value is $335,100.
Is Burnsville, MN affordable?
No, Burnsville is more expensive than the national average with a cost index of 107. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Burnsville, MN?
The median gross rent in Burnsville, MN is $1,501 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,012.
What is the median household income in Burnsville?
The median household income in Burnsville, MN is $83,953 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%.