salaryRent is lower than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (85%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $63,480 a year. That is $31 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 84 of 150 cities from cheapest to most expensive.
How much do households earn in Ramsey?
Share of households by yearly income. 43.6% of households earn $100,000 or more.
Rent by apartment size in Ramsey
| Size | Ramsey | U.S. average |
|---|---|---|
| 1 bedroom | $1,875 | $1,324 |
| 2 bedrooms | $1,999 | $1,509 |
| 3 bedrooms | $2,166 | $1,698 |
| 4 bedrooms | $2,323 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ramsey 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 Ramsey, so the Minnesota figure is shown.
Taxes and bills in Ramsey
Life in Ramsey
Is it cheaper to rent or buy in Ramsey?
Renting is cheaper right now: about $908 a month less.
Owning assumes a typical $359,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,960 for the down payment.
Frequently asked questions
What is the average rent in Ramsey, MN?
Renting in Ramsey costs a median of about $1,587 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Ramsey?
To keep rent under 30% of income, you need about $63,480 a year, or $31 an hour at a full-time job.
Is Ramsey cheap or expensive?
Ramsey is rated Cheap: rent takes 15.2% of the typical household income of $125,554. It ranks 84th cheapest of 150 Minnesota cities we track.
How much are property taxes in Ramsey?
The median homeowner in Ramsey pays $3,481 a year in property taxes, about 0.97% of the median home value.
Is Ramsey 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 Ramsey?
The median home value in Ramsey is $359,600, about 2.9 times the typical yearly household income.
28,421 people live in Ramsey. Numbers are typical (middle) values.