Affordable

What Salary Do You Need to Live in Mounds View?

To afford a 2-bedroom in Mounds View, you need to earn at least $56,560/year based on estimated fair market rent data. The median household income here is $89,358, which means the typical resident is $32,798 above the threshold.

Census ACS Data Pop. 13,100

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$990	$3,300	$39,600	$-49,758
1 Bedroom	$1,174	$3,913	$46,960	$-42,398
2 Bedroom BENCHMARK	$1,414	$4,713	$56,560	$-32,798
3 Bedroom	$1,725	$5,750	$69,000	$-20,358
4 Bedroom	$2,121	$7,070	$84,840	$-4,518

Affordability Breakdown

Where the required salary line crosses above Mounds View's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$89,358

Annual household

2BR Required Salary

$56,560

Under 30% rule

Income Gap

+$32,798

Surplus

Verdict

Affordable

Ratio: 19.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Mounds View

Your Annual Salary

Pre-filled with Mounds View's median household income

Max monthly rent you can afford$2,234

Studio

$990/mo

1 BR

$1,174/mo

2 BR

$1,414/mo

3 BR

$1,725/mo

4 BR

$2,121/mo

Your salary is $0 above the median income in Mounds View.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Mounds View's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Mounds View

Mounds View, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $89,358 significantly exceeds the $56,560 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $32,798 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Mounds View, a studio at $990/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,725/month remains accessible for dual-income households earning above $69,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $84,840 would position you well — though many residents in Mounds View manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Mounds View, Minnesota.

With a total population of 13,100, the city supports an active civilian workforce of 7,113 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $56,560 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

7,113

Active civilian employees in Mounds View

Frequently Asked Questions About Renting in Mounds View

What salary do I need to live in Mounds View, Minnesota?

To afford a 2-bedroom in Mounds View under the 30% rule, you need an annual salary of at least $56,560. The median household income in Mounds View is $89,358.

Can I afford a 2-bedroom in Mounds View on $89,358?

The affordability verdict for Mounds View is "Affordable". The rent-to-income ratio is 19.0%, meaning median earners have a $32,798 surplus.

What is the average rent in Mounds View compared to median income?

The median gross rent in Mounds View is $1,174/month. With a median household income of $89,358, residents spend approximately 19.0% of their income on rent.

What salary do I need for a studio in Mounds View?

A studio in Mounds View rents for approximately $990/month. Under the 30% rule, you need an annual salary of $39,600 to afford this.

Is Mounds View considered an affordable place to live?

Based on the surplus of $32,798 and an affordability verdict of "Affordable", Mounds View is considered a affordable rental market when comparing the required 2-bedroom salary of $56,560 to the local median household income.

How Mounds View Compares

Other cities in Minnesota with salary requirements