States › Minnesota › Anoka

Is Anoka, MN expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,38021% lower than U.S. average
💵 Families earn per year (2026)$81,910about $6,826/month · 6% lower than U.S. average
🔑 House price$308,7007% lower than U.S. average

Rent is lower than in 64% of U.S. cities. A typical house costs about 3.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $55,200 a year. That is $27 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 54 of 150 cities from cheapest to most expensive.

Anoka
$1,380
Albert Lea
$825
Hopkins
$1,734
Red Wing
$1,442
Ham Lake
$1,297
Stillwater
$1,872
Buffalo
$1,671

How much do households earn in Anoka?

Under $25k
11.8%
$25k–50k
22.5%
$50k–100k
34.6%
$100k–150k
22.8%
$150k+
5.4%

Share of households by yearly income. 28.2% of households earn $100,000 or more.

Rent by apartment size in Anoka

SizeAnokaU.S. average
Studio$1,161$1,338
1 bedroom$1,078$1,324
2 bedrooms$1,549$1,509
3 bedrooms$1,842$1,698

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

How expensive is Anoka 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 Anoka, so the Minnesota figure is shown.

Taxes and bills in Anoka

🏛️ Property tax$2,735a year · 0.89% of home value · U.S. $3,119
⚡ Electric bill$99a month (typical) · U.S. $156

Life in Anoka

Commute to work24.5 minU.S.: 26.4 min
College degree26.6%U.S.: 35.7%
Own their home56.9%U.S.: 65.2%
Below poverty line8.3%U.S.: 12.5%
Unemployment4.8%U.S.: 5.2%

Is it cheaper to rent or buy in Anoka?

Renting is cheaper right now: about $762 a month less.

Renting
$1,380
Owning
$2,142

Owning assumes a typical $308,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,870 for the down payment.

Frequently asked questions

What is the average rent in Anoka, MN?

Renting in Anoka costs a median of about $1,380 a month in 2026, including utilities. The Minnesota median is $1,525.

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

To keep rent under 30% of income, you need about $55,200 a year, or $27 an hour at a full-time job.

Is Anoka cheap or expensive?

Anoka is rated OK: rent takes 20.2% of the typical household income of $81,910. It ranks 54th cheapest of 150 Minnesota cities we track.

How much are property taxes in Anoka?

The median homeowner in Anoka pays $2,735 a year in property taxes, about 0.89% of the median home value.

Is Anoka 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 Anoka?

The median home value in Anoka is $308,700, about 3.8 times the typical yearly household income.

17,970 people live in Anoka. Numbers are typical (middle) values.