States › Minnesota › Hermantown

Is Hermantown, MN expensive to live in?

OKRent takes 30 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,41238% higher than U.S. average
💵 Families earn per year (2026)$97,981about $8,165/month · 13% higher than U.S. average
🔑 House price$382,30015% higher than U.S. average

Rent is higher than in 83% of U.S. cities. A typical house costs about 3.9 years of household income. Commutes are short, about 17.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $96,480 a year. That is $46 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 140 of 150 cities from cheapest to most expensive.

Hermantown
$2,412
Fairmont
$774
Cambridge
$1,346
Detroit Lakes
$861
Little Canada
$1,792
St. Anthony
$1,510
Arden Hills
$3,476

How much do households earn in Hermantown?

Under $25k
5.8%
$25k–50k
17.7%
$50k–100k
41.6%
$100k–150k
19.3%
$150k+
14.0%

Share of households by yearly income. 33.4% of households earn $100,000 or more.

Rent by apartment size in Hermantown

SizeHermantownU.S. average
1 bedroom$1,263$1,324
2 bedrooms$1,663$1,509
3 bedrooms$2,057$1,698

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

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

Taxes and bills in Hermantown

🏛️ Property tax$4,010a year · 1.05% of home value · U.S. $3,119
⚡ Electric bill$132a month (typical) · U.S. $156

Life in Hermantown

Commute to work17.7 minU.S.: 26.4 min
College degree39.9%U.S.: 35.7%
Own their home73.1%U.S.: 65.2%
Below poverty line5.4%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Hermantown?

Renting is cheaper right now: about $241 a month less.

Renting
$2,412
Owning
$2,653

Owning assumes a typical $382,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,230 for the down payment.

Frequently asked questions

What is the average rent in Hermantown, MN?

Renting in Hermantown costs a median of about $2,412 a month in 2026, including utilities. The Minnesota median is $1,525.

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

To keep rent under 30% of income, you need about $96,480 a year, or $46 an hour at a full-time job.

Is Hermantown cheap or expensive?

Hermantown is rated OK: rent takes 29.5% of the typical household income of $97,981. It ranks 140th cheapest of 150 Minnesota cities we track.

How much are property taxes in Hermantown?

The median homeowner in Hermantown pays $4,010 a year in property taxes, about 1.05% of the median home value.

Is Hermantown 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 Hermantown?

The median home value in Hermantown is $382,300, about 3.9 times the typical yearly household income.

10,218 people live in Hermantown. Numbers are typical (middle) values.