Andover, MN Cost Of Living
Cost Of Living In Andover, MN Summary
Cost of living in Andover research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Andover is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Andover is 114, with 100 being the average.
The cost of living index in Andover is 1.1x higher than the national average.
Andover ranks as the #121 cheapest in Minnesota out of 147.
Andover ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Andover is $330,800.
The median income in Andover is $118,943.
Table Of Contents
Andover's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Andover, MN?
According to the most recent data on the cost of living, Andover has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Andover has a cost of living index that's 1.2x higher than Minnesota's index of 95.
The standard of living in Andover ranks as #121 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Andover ranks as the #26 most expensive place in the North Star State.
For more reading on life in Andover, check out:
- Living In Andover
- Search Homes For Sale In Andover, MN
In Minnesota
In America
Andover Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Andover. Here is how it fairs on each of the criteria:
The Services index in Andover is 113.
The Groceries index in Andover is 104.
The Health index in Andover is 104.
The Housing index in Andover is 140.
The Transportation index in Andover is 102.
The Utilities index in Andover is 98.
| Living Expense | Andover | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 114 | 95 | 100 | |
| Services | 113 | 101 | 100 | |
| Groceries | 104 | 98 | 100 | |
| Health | 104 | 111 | 100 | |
| Housing | 140 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Andover, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Andover is $330,800.
The Median Rent in Andover is $1,677.
The Median Income in Andover is $118,943.
The Home Value To Income in Andover is 2.8x.
The Rent To Monthly Income in Andover is 0.17x.
| Statistic | Andover | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $330,800 | $250,200 | $244,900 |
| Median Rent | $1,677 | $1,081 | $1,163 |
| Median Income | $118,943 | $77,706 | $69,021 |
| Home Value To Income | 2.8x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Andover, MN Costs By Category
Detailed Andover Services Costs Vs. Minnesota
Detailed Andover Groceries Costs Vs. Minnesota
Detailed Andover Health Costs Vs. Minnesota
Detailed Andover Transportation Costs Vs. Minnesota
Detailed Andover Utilities Costs Vs. Minnesota
Andover SnackAbility
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Cost Of Living In Cities Around Andover
The cost of living varies in the cities and towns around Andover. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.1x Andover.
Maple Grove, MN has a cost of living index of 117, 1.0x Andover.
Blaine, MN has a cost of living index of 104, 0.9x Andover.
| City | Population | Cost Of Living | Vs. Andover |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.1x |
| Maple Grove, MN | 69,900 | 117 | 1.0x |
| Blaine, MN | 68,999 | 104 | 0.9x |
| Coon Rapids, MN | 63,269 | 102 | 0.9x |
| Ramsey, MN | 27,409 | 109 | 1.0x |
| Shoreview, MN | 26,871 | 110 | 1.0x |
| Champlin, MN | 23,877 | 110 | 1.0x |
| Golden Valley, MN | 22,247 | 116 | 1.0x |
| Lino Lakes, MN | 21,180 | 114 | 1.0x |
| Anoka, MN | 17,749 | 102 | 0.9x |
