salaryRent is higher than in 82% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (77.6%) are owned, so rentals can be hard to find. It is a highly educated city: 61.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $95,400 a year. That is $46 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 138 of 150 cities from cheapest to most expensive.
How much do households earn in Woodbury?
Share of households by yearly income. 50.3% of households earn $100,000 or more.
Rent by apartment size in Woodbury
| Size | Woodbury | U.S. average |
|---|---|---|
| Studio | $2,001 | $1,338 |
| 1 bedroom | $1,824 | $1,324 |
| 2 bedrooms | $2,100 | $1,509 |
| 3 bedrooms | $2,672 | $1,698 |
| 4 bedrooms | $2,894 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Woodbury 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 Woodbury, so the Minnesota figure is shown.
Taxes and bills in Woodbury
Life in Woodbury
Is it cheaper to rent or buy in Woodbury?
Renting is cheaper right now: about $739 a month less.
Owning assumes a typical $450,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,020 for the down payment.
Frequently asked questions
What is the average rent in Woodbury, MN?
Renting in Woodbury costs a median of about $2,385 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Woodbury?
To keep rent under 30% of income, you need about $95,400 a year, or $46 an hour at a full-time job.
Is Woodbury cheap or expensive?
Woodbury is rated OK: rent takes 21.2% of the typical household income of $135,147. It ranks 138th cheapest of 150 Minnesota cities we track.
How much are property taxes in Woodbury?
The median homeowner in Woodbury pays $4,688 a year in property taxes, about 1.04% of the median home value.
Is Woodbury 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 Woodbury?
The median home value in Woodbury is $450,200, about 3.3 times the typical yearly household income.
78,305 people live in Woodbury. Numbers are typical (middle) values.