salaryRent is higher than in 56% of U.S. cities. A typical house costs about 3.7 years of household income. Commutes are short, about 19.7 minutes. It is a highly educated city: 60% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $70,960 a year. That is $34 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 97 of 150 cities from cheapest to most expensive.
How much do households earn in Golden Valley?
Share of households by yearly income. 43.6% of households earn $100,000 or more.
Rent by apartment size in Golden Valley
| Size | Golden Valley | U.S. average |
|---|---|---|
| Studio | $2,016 | $1,338 |
| 1 bedroom | $1,804 | $1,324 |
| 2 bedrooms | $1,978 | $1,509 |
| 3 bedrooms | $2,959 | $1,698 |
| 4 bedrooms | $3,490 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Golden Valley 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 Golden Valley, so the Minnesota figure is shown.
Taxes and bills in Golden Valley
Life in Golden Valley
Is it cheaper to rent or buy in Golden Valley?
Renting is cheaper right now: about $1,219 a month less.
Owning assumes a typical $431,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,140 for the down payment.
Frequently asked questions
What is the average rent in Golden Valley, MN?
Renting in Golden Valley costs a median of about $1,774 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Golden Valley?
To keep rent under 30% of income, you need about $70,960 a year, or $34 an hour at a full-time job.
Is Golden Valley cheap or expensive?
Golden Valley is rated Cheap: rent takes 18.1% of the typical household income of $117,311. It ranks 97th cheapest of 150 Minnesota cities we track.
How much are property taxes in Golden Valley?
The median homeowner in Golden Valley pays $5,350 a year in property taxes, about 1.24% of the median home value.
Is Golden Valley 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 Golden Valley?
The median home value in Golden Valley is $431,400, about 3.7 times the typical yearly household income.
21,725 people live in Golden Valley. Numbers are typical (middle) values.