Oakdale, MN

Average · 101

Minnesota · Population 28,109 · Updated March 2026

$1,452
Median Rent / Month
$90,379
Median Income
$305,900
Median Home Value
$1,454
Owner Costs / Month

Affordability

How far your income goes in Oakdale

19.3%
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

$17,424
Annual Rent
$8,902
State Income Tax
$3,395
Property Tax (est.)

Cost of Living Overview

Oakdale has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 101 (where 100 equals the national median), Oakdale residents can expect to pay median rent of $1,452/month while earning a median household income of $90,379/year.

The median home value in Oakdale, MN is $305,900, with typical monthly owner costs around $1,454 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.3% 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 Oakdale.

Frequently Asked Questions

Common questions about living costs in Oakdale

What is the cost of living in Oakdale, MN?
The cost of living index in Oakdale, MN is 101 (US average = 100). Median monthly rent is $1,452, median household income is $90,379/year, and the median home value is $305,900.
Is Oakdale, MN affordable?
No, Oakdale is more expensive than the national average with a cost index of 101. The rent-to-income ratio is 19.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oakdale, MN?
The median gross rent in Oakdale, MN is $1,452 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,424.
What is the median household income in Oakdale?
The median household income in Oakdale, MN is $90,379 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%.