Rosemount, MN

Above Avg · 122

Minnesota · Population 26,509 · Updated March 2026

$1,614
Median Rent / Month
$127,247
Median Income
$406,100
Median Home Value
$1,765
Owner Costs / Month

Affordability

How far your income goes in Rosemount

15.2%
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

$19,368
Annual Rent
$12,534
State Income Tax
$4,508
Property Tax (est.)

Cost of Living Overview

Rosemount has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 122 (where 100 equals the national median), Rosemount residents can expect to pay median rent of $1,614/month while earning a median household income of $127,247/year.

The median home value in Rosemount, MN is $406,100, with typical monthly owner costs around $1,765 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% 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 Rosemount.

Frequently Asked Questions

Common questions about living costs in Rosemount

What is the cost of living in Rosemount, MN?
The cost of living index in Rosemount, MN is 122 (US average = 100). Median monthly rent is $1,614, median household income is $127,247/year, and the median home value is $406,100.
Is Rosemount, MN affordable?
No, Rosemount is more expensive than the national average with a cost index of 122. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rosemount, MN?
The median gross rent in Rosemount, MN is $1,614 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,368.
What is the median household income in Rosemount?
The median household income in Rosemount, MN is $127,247 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%.