Mounds View, MN

Average · 90

Minnesota · Population 12,992 · Updated March 2026

$1,216
Median Rent / Month
$90,148
Median Income
$294,500
Median Home Value
$1,278
Owner Costs / Month

Affordability

How far your income goes in Mounds View

16.2%
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

$14,592
Annual Rent
$8,880
State Income Tax
$3,269
Property Tax (est.)

Cost of Living Overview

Mounds View 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), Mounds View residents can expect to pay median rent of $1,216/month while earning a median household income of $90,148/year.

The median home value in Mounds View, MN is $294,500, with typical monthly owner costs around $1,278 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.2% 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 Mounds View.

Frequently Asked Questions

Common questions about living costs in Mounds View

What is the cost of living in Mounds View, MN?
The cost of living index in Mounds View, MN is 90 (US average = 100). Median monthly rent is $1,216, median household income is $90,148/year, and the median home value is $294,500.
Is Mounds View, MN affordable?
Yes, Mounds View is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 16.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mounds View, MN?
The median gross rent in Mounds View, MN is $1,216 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,592.
What is the median household income in Mounds View?
The median household income in Mounds View, MN is $90,148 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%.