salaryRent is higher than in 71% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (85.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $81,640 a year. That is $39 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 121 of 150 cities from cheapest to most expensive.
How much do households earn in Savage?
Share of households by yearly income. 50.6% of households earn $100,000 or more.
Rent by apartment size in Savage
| Size | Savage | U.S. average |
|---|---|---|
| Studio | $1,935 | $1,338 |
| 1 bedroom | $1,678 | $1,324 |
| 2 bedrooms | $1,956 | $1,509 |
| 3 bedrooms | $2,200 | $1,698 |
| 4 bedrooms | $2,100 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Savage 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 Savage, so the Minnesota figure is shown.
Taxes and bills in Savage
Life in Savage
Is it cheaper to rent or buy in Savage?
Renting is cheaper right now: about $959 a month less.
Owning assumes a typical $432,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,230 for the down payment.
Frequently asked questions
What is the average rent in Savage, MN?
Renting in Savage costs a median of about $2,041 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Savage?
To keep rent under 30% of income, you need about $81,640 a year, or $39 an hour at a full-time job.
Is Savage cheap or expensive?
Savage is rated Cheap: rent takes 18.1% of the typical household income of $135,366. It ranks 121st cheapest of 150 Minnesota cities we track.
How much are property taxes in Savage?
The median homeowner in Savage pays $4,458 a year in property taxes, about 1.03% of the median home value.
Is Savage 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 Savage?
The median home value in Savage is $432,300, about 3.2 times the typical yearly household income.
32,889 people live in Savage. Numbers are typical (middle) values.