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ZipNumbers

Minnesota · Census place 01486

Andover city, MN

Quick answer

Andover city has 32,825 residents, ranking #29 of 914 places in Minnesota. Median household income is $131,528, the median home is worth $389,200 and median gross rent runs $1,827 a month.

Population
32,825Andover city residents
Median household income
$131,528Past 12 months, inflation adjusted
Median home value
$389,200Owner-occupied units
Median gross rent
$1,827Rent plus utilities, monthly
Median age
39.4 yrsAll residents
Homeownership rate
93.8%Owner-occupied households

What the numbers mean in Andover city

Housing cost measured against local earnings.

A household earning the Andover city median would spend about 16.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.4% of residents and 93.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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