States › Minnesota › Alexandria

Is Alexandria, MN expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,15634% lower than U.S. average
💵 Families earn per year (2026)$66,192about $5,516/month · 24% lower than U.S. average
🔑 House price$275,30017% lower than U.S. average

Rent is lower than in 79% of U.S. cities. A typical house costs about 4.2 years of household income. Commutes are short, about 17.5 minutes.

How much money do I need?

To rent here comfortably, you should earn about $46,240 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 30 of 150 cities from cheapest to most expensive.

Alexandria
$1,156
Hutchinson
$1,127
Monticello
$1,474
Brainerd
$1,271
Robbinsdale
$2,252
North Mankato
$1,168
Fergus Falls
$1,056

How much do households earn in Alexandria?

Under $25k
16.4%
$25k–50k
28.7%
$50k–100k
32.0%
$100k–150k
11.8%
$150k+
7.7%

Share of households by yearly income. 19.5% of households earn $100,000 or more.

Rent by apartment size in Alexandria

SizeAlexandriaU.S. average
Studio$822$1,338
1 bedroom$751$1,324
2 bedrooms$1,038$1,509
3 bedrooms$1,347$1,698
4 bedrooms$1,620$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Alexandria overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Alexandria, so the Minnesota figure is shown.

Taxes and bills in Alexandria

🏛️ Property tax$2,564a year · 0.93% of home value · U.S. $3,119
⚡ Electric bill$119a month (typical) · U.S. $156

Life in Alexandria

Commute to work17.5 minU.S.: 26.4 min
College degree33.2%U.S.: 35.7%
Own their home57.4%U.S.: 65.2%
Below poverty line12%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Alexandria?

Renting is cheaper right now: about $754 a month less.

Renting
$1,156
Owning
$1,910

Owning assumes a typical $275,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,530 for the down payment.

Frequently asked questions

What is the average rent in Alexandria, MN?

Renting in Alexandria costs a median of about $1,156 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Alexandria?

To keep rent under 30% of income, you need about $46,240 a year, or $22 an hour at a full-time job.

Is Alexandria cheap or expensive?

Alexandria is rated OK: rent takes 21.0% of the typical household income of $66,192. It ranks 30th cheapest of 150 Minnesota cities we track.

How much are property taxes in Alexandria?

The median homeowner in Alexandria pays $2,564 a year in property taxes, about 0.93% of the median home value.

Is Alexandria more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Alexandria?

The median home value in Alexandria is $275,300, about 4.2 times the typical yearly household income.

14,735 people live in Alexandria. Numbers are typical (middle) values.