salaryRent is higher than in 85% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (92.1%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $99,160 a year. That is $48 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 145 of 150 cities from cheapest to most expensive.
How much do households earn in Lino Lakes?
Share of households by yearly income. 51.4% of households earn $100,000 or more.
Rent by apartment size in Lino Lakes
| Size | Lino Lakes | U.S. average |
|---|---|---|
| 1 bedroom | $1,952 | $1,324 |
| 2 bedrooms | $2,027 | $1,509 |
| 3 bedrooms | $1,891 | $1,698 |
| 4 bedrooms | $2,093 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lino Lakes 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 Lino Lakes, so the Minnesota figure is shown.
Taxes and bills in Lino Lakes
Life in Lino Lakes
Is it cheaper to rent or buy in Lino Lakes?
Renting is cheaper right now: about $346 a month less.
Owning assumes a typical $407,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,720 for the down payment.
Frequently asked questions
What is the average rent in Lino Lakes, MN?
Renting in Lino Lakes costs a median of about $2,479 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Lino Lakes?
To keep rent under 30% of income, you need about $99,160 a year, or $48 an hour at a full-time job.
Is Lino Lakes cheap or expensive?
Lino Lakes is rated OK: rent takes 21.7% of the typical household income of $137,165. It ranks 145th cheapest of 150 Minnesota cities we track.
How much are property taxes in Lino Lakes?
The median homeowner in Lino Lakes pays $4,237 a year in property taxes, about 1.04% of the median home value.
Is Lino Lakes 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 Lino Lakes?
The median home value in Lino Lakes is $407,200, about 3.0 times the typical yearly household income.
22,113 people live in Lino Lakes. Numbers are typical (middle) values.