salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (88.2%) are owned, so rentals can be hard to find. It is a highly educated city: 74.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 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 150 of 150 cities from cheapest to most expensive.
How much do households earn in North Oaks?
Share of households by yearly income. 72.4% of households earn $100,000 or more.
Rent by apartment size in North Oaks
| Size | North Oaks | U.S. average |
|---|---|---|
| 1 bedroom | $3,224 | $1,324 |
| 2 bedrooms | $3,500+ | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is North Oaks 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 North Oaks, so the Minnesota figure is shown.
Taxes and bills in North Oaks
Life in North Oaks
Is it cheaper to rent or buy in North Oaks?
Renting is cheaper right now: about $2,197 a month less.
Owning assumes a typical $821,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $82,120 for the down payment.
Frequently asked questions
What is the average rent in North Oaks, MN?
Renting in North Oaks costs a median of about $3,500+ a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in North Oaks?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is North Oaks cheap or expensive?
North Oaks is rated Cheap: rent takes 16.8% of the typical household income of $249,934. It ranks 150th cheapest of 150 Minnesota cities we track.
How much are property taxes in North Oaks?
The median homeowner in North Oaks pays $7,964 a year in property taxes, about 0.97% of the median home value.
Is North Oaks 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 North Oaks?
The median home value in North Oaks is $821,200, about 3.3 times the typical yearly household income.
5,179 people live in North Oaks. Numbers are typical (middle) values.