Cost of Living in Carver County, MN

What does it cost to live in Carver County? Income, housing, and affordability breakdown.

Median Income

$116,308

Median Rent

$1,384/mo

Median Home

$400,500

Affordability

387

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,025
Property Tax$347
Insurance$134

Total Monthly$2,506
% of Income25.9%

Renting

Median Rent$1,384
Renter's Insurance$25

Total Monthly$1,409
% of Income14.3%

Living in Carver County, Minnesota

Carver County has a median household income of $116,308 with housing costs that represent 25.9% of income for owners and 14.3% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 387 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.