Cost of Living in Carver County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Carver County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Carver County, Minnesota
Carver's high incomes offset steep rents
Carver County residents earn $123,144 annually—65% more than the national median of $74,755—allowing them to spend just 14.1% on rent despite $1,444 monthly costs. This high-income advantage keeps affordability ratios manageable despite premium housing prices.
Among Minnesota's most expensive counties
Carver ranks among Minnesota's priciest markets with a median home value of $426,900 and median rent at $1,444—the highest among these eight counties. Yet its 14.1% rent-to-income ratio edges below the state average, a feat only possible due to outsized local incomes.
Carver towers above regional neighbors
Carver's median rent of $1,444 dwarfs Carlton County's $967 and Chisago County's $1,112, while median home values exceed nearby counties by $100,000+. This premium reflects Carver's proximity to the Twin Cities and concentration of high-earning professionals.
Wealth absorbs Carver's housing premium
With $1,444 rent and $1,993 monthly owner costs, Carver residents dedicate roughly 14-19% of their $123,144 income to housing. The county's exceptional incomes make these elevated costs affordable in ways that would strain residents elsewhere.
Carver suits high-earning relocators
If your household income exceeds $120,000 and you value suburban proximity to major employment centers, Carver's premium housing stock and strong affordability ratio work in your favor. The equation flips for middle-income families: these prices would consume unsustainable income shares.
Affordability Calculator
See how your income compares to housing costs in Carver County
Rent Burden
14.1%
of gross income
Max Housing (28% Rule)
$2,873
per month
Owner Cost Burden
19.4%
of gross income
The median home in Carver County may be a stretch
Median home value is $426,900. Estimated monthly cost: $3,408 vs. your max of $2,873.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.