States › Minnesota › Mound

Is Mound, MN expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,9209% higher than U.S. average
💵 Families earn per year (2026)$93,479about $7,790/month · 7% higher than U.S. average
🔑 House price$370,80011% higher than U.S. average

Rent is higher than in 65% of U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 31 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $76,800 a year. That is $37 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 114 of 150 cities from cheapest to most expensive.

Mound
$1,920
Dayton
$1,826
Little Falls
$826
Oak Grove
$2,258
Waseca
$1,032
East Grand Forks
$876
Baxter
$1,301

How much do households earn in Mound?

Under $25k
18.6%
$25k–50k
10.7%
$50k–100k
31.6%
$100k–150k
17.5%
$150k+
20.7%

Share of households by yearly income. 38.2% of households earn $100,000 or more.

Rent by apartment size in Mound

SizeMoundU.S. average
2 bedrooms$1,594$1,509
3 bedrooms$3,273$1,698

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

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

Taxes and bills in Mound

🏛️ Property tax$3,580a year · 0.97% of home value · U.S. $3,119
⚡ Electric bill$107a month (typical) · U.S. $156

Life in Mound

Commute to work31 minU.S.: 26.4 min
College degree45.2%U.S.: 35.7%
Own their home75%U.S.: 65.2%
Below poverty line8.8%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Mound?

Renting is cheaper right now: about $653 a month less.

Renting
$1,920
Owning
$2,573

Owning assumes a typical $370,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,080 for the down payment.

Frequently asked questions

What is the average rent in Mound, MN?

Renting in Mound costs a median of about $1,920 a month in 2026, including utilities. The Minnesota median is $1,525.

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

To keep rent under 30% of income, you need about $76,800 a year, or $37 an hour at a full-time job.

Is Mound cheap or expensive?

Mound is rated OK: rent takes 24.6% of the typical household income of $93,479. It ranks 114th cheapest of 150 Minnesota cities we track.

How much are property taxes in Mound?

The median homeowner in Mound pays $3,580 a year in property taxes, about 0.97% of the median home value.

Is Mound 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 Mound?

The median home value in Mound is $370,800, about 4.0 times the typical yearly household income.

9,107 people live in Mound. Numbers are typical (middle) values.