Coon Rapids, MN

Average · 97

Minnesota · Population 63,348 · Updated March 2026

$1,418
Median Rent / Month
$86,618
Median Income
$287,200
Median Home Value
$1,430
Owner Costs / Month

Affordability

How far your income goes in Coon Rapids

19.6%
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

$17,016
Annual Rent
$8,532
State Income Tax
$3,188
Property Tax (est.)

Cost of Living Overview

Coon Rapids has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Coon Rapids residents can expect to pay median rent of $1,418/month while earning a median household income of $86,618/year.

The median home value in Coon Rapids, MN is $287,200, with typical monthly owner costs around $1,430 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% 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 Coon Rapids.

Frequently Asked Questions

Common questions about living costs in Coon Rapids

What is the cost of living in Coon Rapids, MN?
The cost of living index in Coon Rapids, MN is 97 (US average = 100). Median monthly rent is $1,418, median household income is $86,618/year, and the median home value is $287,200.
Is Coon Rapids, MN affordable?
Yes, Coon Rapids is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Coon Rapids, MN?
The median gross rent in Coon Rapids, MN is $1,418 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,016.
What is the median household income in Coon Rapids?
The median household income in Coon Rapids, MN is $86,618 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%.