Cost of Living in Dakota County, MN

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

Median Income

$101,360

Median Rent

$1,410/mo

Median Home

$341,200

Affordability

397

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,725
Property Tax$287
Insurance$114

Total Monthly$2,126
% of Income25.2%

Renting

Median Rent$1,410
Renter's Insurance$25

Total Monthly$1,435
% of Income16.7%

Living in Dakota County, Minnesota

Dakota County has a median household income of $101,360 with housing costs that represent 25.2% of income for owners and 16.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 397 (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.