| Index | Andover | Minnesota | National |
| Cost of living | 122 | 100 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 102 | 100 | 100 |
| Housing | 171 | 100 | 100 |
| Transportation | 97 | 100 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 97 | 99 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Andover? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Andover stands at 122, making it 22% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Andover is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Andover falls into this category, which may not align with your goal of finding a budget-friendly living environment.
When it comes to the cost of living in Andover, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 70.8% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Andover an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Andover, the median home price is 69.6% higher than what most folks pay across the country, and monthly rent prices are 73.5% higher than the usual rates. Income levels in Andover come in at $166,474, which is 104.7% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Andover, the groceries index is 1.4% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Andover comes in at 3.8% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Andover, the transportation index is 2.8% lower than the national average.
The cost of living estimates displayed for Andover are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $173,334 | $14,445 | $4,044 | $5,201 |
| Renters | $126,977 | $10,581 | $2,963 | $3,810 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Hilltop, MN | 1,045 | 80 | 20.0% |
| St. Anthony city (Stearns County), MN | 108 | 84 | 16.4% |
| Stacy, MN | 2,036 | 96 | 4.4% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Columbia Heights, MN | 21,019 | 102 | 1.9% |
| Andover, MN | 33,930 | 122 | 21.5% |
| City | Population | Cost of Living Index | National Avg. |
| Fair Lawn, NJ | 33,940 | 144 | 44.3% |
| Fruit Cove, FL | 33,956 | 129 | 29.1% |
| Florence, KY | 33,960 | 94 | 5.9% |
| Pikesville, MD | 33,960 | 128 | 28.0% |
| Bay City, MI | 33,892 | 82 | 18.0% |
| Andover, MN | 33,930 | 122 | 21.5% |
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