salaryRent is higher than in 70% of U.S. cities. A typical house costs about 3.5 years of household income. It is a highly educated city: 64.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $80,960 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 120 of 150 cities from cheapest to most expensive.
How much do households earn in St. Louis Park?
Share of households by yearly income. 39.2% of households earn $100,000 or more.
Rent by apartment size in St. Louis Park
| Size | St. Louis Park | U.S. average |
|---|---|---|
| Studio | $1,547 | $1,338 |
| 1 bedroom | $1,625 | $1,324 |
| 2 bedrooms | $2,035 | $1,509 |
| 3 bedrooms | $2,436 | $1,698 |
| 4 bedrooms | $2,744 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is St. Louis Park overall?
Everyday prices in the Minneapolis-St. Paul-Bloomington metro area are 5% above the U.S. average (index 104.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in St. Louis Park
Life in St. Louis Park
What jobs pay in St. Louis Park
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $160,990 | 15.1% |
| Lawyer | $159,620 | 15.2% |
| Physician Assistant | $145,030 | 16.7% |
| Nurse Practitioner | $133,370 | 18.2% |
| Software Developer | $130,920 | 18.6% |
| Dental Hygienist | $112,630 | 21.6% |
| Computer Systems Analyst | $112,090 | 21.7% |
| Civil Engineer | $104,740 | 23.2% |
| Operations Manager | $103,570 | 23.5% |
| Registered Nurse | $103,040 | 23.6% |
| Plumber | $101,630 | 23.9% |
| Market Research Analyst | $97,910 | 24.8% |
| Police Officer | $97,190 | 25.0% |
| Accountant | $86,500 | 28.1% |
| Electrician | $81,890 | 29.7% |
| Elementary School Teacher | $79,730 | 30.5% |
| HVAC Technician | $77,490 | 31.3% |
| Carpenter | $74,060 | 32.8% |
| Licensed Practical Nurse | $65,660 | 37.0% |
| Truck Driver | $64,200 | 37.8% |
| Medical Assistant | $52,570 | 46.2% |
| Customer Service Representative | $49,480 | 49.1% |
| Nursing Assistant | $48,020 | 50.6% |
| Warehouse Worker | $47,320 | 51.3% |
| Restaurant Cook | $39,640 | 61.3% |
| Firefighter | $39,350 | 61.7% |
| Retail Salesperson | $36,670 | 66.2% |
| Cashier | $35,760 | 67.9% |
| Server (Waiter/Waitress) | $25,920 | 93.7% |
Is it cheaper to rent or buy in St. Louis Park?
Renting is cheaper right now: about $660 a month less.
Owning assumes a typical $386,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,680 for the down payment.
Frequently asked questions
What is the average rent in St. Louis Park, MN?
Renting in St. Louis Park costs a median of about $2,024 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in St. Louis Park?
To keep rent under 30% of income, you need about $80,960 a year, or $39 an hour at a full-time job.
Is St. Louis Park cheap or expensive?
St. Louis Park is rated OK: rent takes 22.2% of the typical household income of $109,627. It ranks 120th cheapest of 150 Minnesota cities we track.
How much are property taxes in St. Louis Park?
The median homeowner in St. Louis Park pays $4,380 a year in property taxes, about 1.13% of the median home value.
Is St. Louis Park more expensive than the national average?
Overall prices in the metro area are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in St. Louis Park?
The median home value in St. Louis Park is $386,800, about 3.5 times the typical yearly household income.
49,594 people live in St. Louis Park. Numbers are typical (middle) values.