St. Paul, MN Cost of Living 2026: Index 91

Affordability

How far your income goes in St. Paul

20.5%

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%

State Sales Tax

1.11%

Property Tax Rate

Estimated Annual Costs

$14,976

Annual Rent

$7,196

State Income Taxtop marginal rate

$3,111

Property Tax (est.)

Cost of Living Overview

St. Paul offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), St. Paul residents can expect to pay median rent of $1,248/month while earning a median household income of $73,055/year.

The median home value in St. Paul, MN is $280,300, with typical monthly owner costs around $1,390 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.5% 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 St. Paul.

Frequently Asked Questions

Common questions about living costs in St. Paul

What is the cost of living in St. Paul, MN?

The cost of living index in St. Paul, MN is 91 (US average = 100). Median monthly rent is $1,248, median household income is $73,055/year, and the median home value is $280,300.

Is St. Paul, MN affordable?

Yes, St. Paul is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 20.5%—below the 30% threshold considered affordable by HUD.

What is the average rent in St. Paul, MN?

The median gross rent in St. Paul, MN is $1,248 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,976.

What is the median household income in St. Paul?

The median household income in St. Paul, MN is $73,055 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%.

St. Paul, MN

Affordability

Tax Burden in Minnesota

Estimated Annual Costs

Cost of Living Overview

Frequently Asked Questions

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