salaryRent is higher than in 78% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (94.1%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $90,120 a year. That is $43 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 135 of 150 cities from cheapest to most expensive.
How much do households earn in Andover?
Share of households by yearly income. 56.3% of households earn $100,000 or more.
Rent by apartment size in Andover
| Size | Andover | U.S. average |
|---|---|---|
| 1 bedroom | $1,853 | $1,324 |
| 2 bedrooms | $2,287 | $1,509 |
| 3 bedrooms | $2,113 | $1,698 |
| 4 bedrooms | $2,612 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Andover overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Andover, so the Minnesota figure is shown.
Taxes and bills in Andover
Life in Andover
Is it cheaper to rent or buy in Andover?
Renting is cheaper right now: about $593 a month less.
Owning assumes a typical $410,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,020 for the down payment.
Frequently asked questions
What is the average rent in Andover, MN?
Renting in Andover costs a median of about $2,253 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Andover?
To keep rent under 30% of income, you need about $90,120 a year, or $43 an hour at a full-time job.
Is Andover cheap or expensive?
Andover is rated Cheap: rent takes 18.2% of the typical household income of $148,394. It ranks 135th cheapest of 150 Minnesota cities we track.
How much are property taxes in Andover?
The median homeowner in Andover pays $3,632 a year in property taxes, about 0.89% of the median home value.
Is Andover 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 Andover?
The median home value in Andover is $410,200, about 2.8 times the typical yearly household income.
33,035 people live in Andover. Numbers are typical (middle) values.