Cost of Living in Hennepin County, MN

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

Median Income

$92,595

Median Rent

$1,373/mo

Median Home

$358,000

Affordability

339

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,810
Property Tax$346
Insurance$119

Total Monthly$2,275
% of Income29.5%

Renting

Median Rent$1,373
Renter's Insurance$25

Total Monthly$1,398
% of Income17.8%

Living in Hennepin County, Minnesota

Hennepin County has a median household income of $92,595 with housing costs that represent 29.5% of income for owners and 17.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 339 (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.