States › Minnesota › Spring Lake Park

Is Spring Lake Park, MN expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7801% higher than U.S. average
💵 Families earn per year (2026)$97,877about $8,156/month · 12% higher than U.S. average
🔑 House price$290,10013% lower than U.S. average

Rent is higher than in 56% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $71,200 a year. That is $34 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 100 of 150 cities from cheapest to most expensive.

Spring Lake Park
$1,780
St. Joseph
$1,357
Kasson
$1,231
Medina
$1,580
Delano
$2,046
Isanti
$1,389
Stewartville
$1,183

How much do households earn in Spring Lake Park?

Under $25k
11.3%
$25k–50k
20.3%
$50k–100k
38.3%
$100k–150k
18.9%
$150k+
9.2%

Share of households by yearly income. 28.1% of households earn $100,000 or more.

Rent by apartment size in Spring Lake Park

SizeSpring Lake ParkU.S. average
1 bedroom$1,359$1,324
2 bedrooms$1,686$1,509
3 bedrooms$1,831$1,698

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

How expensive is Spring Lake Park 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 Spring Lake Park, so the Minnesota figure is shown.

Taxes and bills in Spring Lake Park

🏛️ Property tax$2,933a year · 1.01% of home value · U.S. $3,119
⚡ Electric bill$115a month (typical) · U.S. $156

Life in Spring Lake Park

Commute to work21.4 minU.S.: 26.4 min
College degree25.6%U.S.: 35.7%
Own their home69.5%U.S.: 65.2%
Below poverty line11%U.S.: 12.5%
Unemployment3.5%U.S.: 5.2%

Is it cheaper to rent or buy in Spring Lake Park?

Renting is cheaper right now: about $233 a month less.

Renting
$1,780
Owning
$2,013

Owning assumes a typical $290,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,010 for the down payment.

Frequently asked questions

What is the average rent in Spring Lake Park, MN?

Renting in Spring Lake Park costs a median of about $1,780 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Spring Lake Park?

To keep rent under 30% of income, you need about $71,200 a year, or $34 an hour at a full-time job.

Is Spring Lake Park cheap or expensive?

Spring Lake Park is rated OK: rent takes 21.8% of the typical household income of $97,877. It ranks 100th cheapest of 150 Minnesota cities we track.

How much are property taxes in Spring Lake Park?

The median homeowner in Spring Lake Park pays $2,933 a year in property taxes, about 1.01% of the median home value.

Is Spring Lake Park 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 Spring Lake Park?

The median home value in Spring Lake Park is $290,100, about 3.0 times the typical yearly household income.

7,032 people live in Spring Lake Park. Numbers are typical (middle) values.