Stillwater, MN

Above Avg · 113

Minnesota · Population 19,323 · Updated March 2026

$1,408
Median Rent / Month
$109,297
Median Income
$398,100
Median Home Value
$1,635
Owner Costs / Month

Affordability

How far your income goes in Stillwater

15.5%
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%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$16,896
Annual Rent
$10,766
State Income Tax
$4,419
Property Tax (est.)

Cost of Living Overview

Stillwater is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Stillwater residents can expect to pay median rent of $1,408/month while earning a median household income of $109,297/year.

The median home value in Stillwater, MN is $398,100, with typical monthly owner costs around $1,635 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.5% 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 Stillwater.

Frequently Asked Questions

Common questions about living costs in Stillwater

What is the cost of living in Stillwater, MN?
The cost of living index in Stillwater, MN is 113 (US average = 100). Median monthly rent is $1,408, median household income is $109,297/year, and the median home value is $398,100.
Is Stillwater, MN affordable?
No, Stillwater is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 15.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Stillwater, MN?
The median gross rent in Stillwater, MN is $1,408 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,896.
What is the median household income in Stillwater?
The median household income in Stillwater, MN is $109,297 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%.