States › Minnesota › Grand Rapids

Is Grand Rapids, MN expensive to live in?

ExpensiveRent takes 33 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7852% higher than U.S. average
💵 Families earn per year (2026)$65,820about $5,485/month · 24% lower than U.S. average
🔑 House price$213,80036% lower than U.S. average

Rent is higher than in 57% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 15 minutes.

How much money do I need?

To rent here comfortably, you should earn about $71,400 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 101 of 150 cities from cheapest to most expensive.

Grand Rapids
$1,785
Victoria
$2,472
North Branch
$1,447
Mendota Heights
$2,060
Little Canada
$1,792
East Bethel
$1,875
St. Peter
$1,152

How much do households earn in Grand Rapids?

Under $25k
16.7%
$25k–50k
25.0%
$50k–100k
32.6%
$100k–150k
14.5%
$150k+
4.3%

Share of households by yearly income. 18.9% of households earn $100,000 or more.

Rent by apartment size in Grand Rapids

SizeGrand RapidsU.S. average
Studio$781$1,338
1 bedroom$843$1,324
2 bedrooms$1,218$1,509
3 bedrooms$1,482$1,698
4 bedrooms$2,360$2,098

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

How expensive is Grand Rapids 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 Grand Rapids, so the Minnesota figure is shown.

Taxes and bills in Grand Rapids

🏛️ Property tax$2,485a year · 1.16% of home value · U.S. $3,119
⚡ Electric bill$120a month (typical) · U.S. $156

Life in Grand Rapids

Commute to work15 minU.S.: 26.4 min
College degree28.8%U.S.: 35.7%
Own their home62.4%U.S.: 65.2%
Below poverty line15.5%U.S.: 12.5%
Unemployment5.3%U.S.: 5.2%

Is it cheaper to rent or buy in Grand Rapids?

Buying is cheaper month to month: about $302 a month less than renting.

Renting
$1,785
Owning
$1,483

Owning assumes a typical $213,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,380 for the down payment.

Frequently asked questions

What is the average rent in Grand Rapids, MN?

Renting in Grand Rapids costs a median of about $1,785 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Grand Rapids?

To keep rent under 30% of income, you need about $71,400 a year, or $34 an hour at a full-time job.

Is Grand Rapids cheap or expensive?

Grand Rapids is rated Expensive: rent takes 32.5% of the typical household income of $65,820. It ranks 101st cheapest of 150 Minnesota cities we track.

How much are property taxes in Grand Rapids?

The median homeowner in Grand Rapids pays $2,485 a year in property taxes, about 1.16% of the median home value.

Is Grand Rapids 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 Grand Rapids?

The median home value in Grand Rapids is $213,800, about 3.2 times the typical yearly household income.

11,207 people live in Grand Rapids. Numbers are typical (middle) values.