Little Canada, MN

Average · 94

Minnesota · Population 10,546 · Updated March 2026

$1,350
Median Rent / Month
$71,370
Median Income
$302,600
Median Home Value
$1,255
Owner Costs / Month

Affordability

How far your income goes in Little Canada

22.7%
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

$16,200
Annual Rent
$7,030
State Income Tax
$3,359
Property Tax (est.)

Cost of Living Overview

Little Canada offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), Little Canada residents can expect to pay median rent of $1,350/month while earning a median household income of $71,370/year.

The median home value in Little Canada, MN is $302,600, with typical monthly owner costs around $1,255 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.7% 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 Little Canada.

Frequently Asked Questions

Common questions about living costs in Little Canada

What is the cost of living in Little Canada, MN?
The cost of living index in Little Canada, MN is 94 (US average = 100). Median monthly rent is $1,350, median household income is $71,370/year, and the median home value is $302,600.
Is Little Canada, MN affordable?
Yes, Little Canada is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 22.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Little Canada, MN?
The median gross rent in Little Canada, MN is $1,350 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,200.
What is the median household income in Little Canada?
The median household income in Little Canada, MN is $71,370 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%.