Best places to retire in Minnesota
Written by:
April 10, 2021
realtor.com
Best places to retire in Minnesota
For many people, retirement is the reward after decades of working and raising a family. After all that anticipation, deciding where to spend that precious time can be a tough decision, so Stacker looked to data and rankings from Niche to compile a list of the best places to retire in Minnesota. Niche ranks places to retire based on a variety of factors including cost of living, health care, recreation, and weather. Listings and images are from realtor.com.
Many retirees seek out easy access to indoor and outdoor recreation, from walking trails and water access to museums and theaters. Many desirable retirement destinations also have good proximity to major cities, ripe with arts, culture, and health care resources. But those choice locations carry the key drawback of a high cost of living, often due to pricey housing costs, that will not suit retirees often on fixed incomes. Low crime rates make a difference, as well.
Keep reading to discover the best places to retire in Minnesota.
You may also like: People who retire comfortably avoid these financial advisor mistakes
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#25. Shoreview
- Population: 26,791
- Median home value: $275,800 (83% own)
- Median rent: $1,214 (17% rent)
- Median household income: $92,826
- Pictured: 5375 Carlson Rd, Shoreview ($2.0 million, 4 bedrooms)
- Median home value: $275,800 (83% own)
- Median rent: $1,214 (17% rent)
- Median household income: $92,826
- Pictured: 5375 Carlson Rd, Shoreview ($2.0 million, 4 bedrooms)
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#24. Florence Township
- Population: 1,514
- Median home value: $278,300 (90% own)
- Median rent: $1,083 (10% rent)
- Median household income: $80,833
- Pictured: 150 Morton Ave, Ruthton ($139,900, 2 bedrooms)
- Median home value: $278,300 (90% own)
- Median rent: $1,083 (10% rent)
- Median household income: $80,833
- Pictured: 150 Morton Ave, Ruthton ($139,900, 2 bedrooms)
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#23. Grant
- Population: 4,100
- Median home value: $469,100 (97% own)
- Median rent: $2,904 (3% rent)
- Median household income: $116,947
- Pictured: 10495 Hadley Ave N, Saint Paul ($7.0 million, 5 bedrooms)
- Median home value: $469,100 (97% own)
- Median rent: $2,904 (3% rent)
- Median household income: $116,947
- Pictured: 10495 Hadley Ave N, Saint Paul ($7.0 million, 5 bedrooms)
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#22. Benson
- Population: 3,078
- Median home value: $106,000 (55% own)
- Median rent: $693 (45% rent)
- Median household income: $41,063
- Pictured: 715 17th St S, Benson ($260,000, 6 bedrooms)
- Median home value: $106,000 (55% own)
- Median rent: $693 (45% rent)
- Median household income: $41,063
- Pictured: 715 17th St S, Benson ($260,000, 6 bedrooms)
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#21. Redwood Falls
- Population: 4,989
- Median home value: $104,100 (67% own)
- Median rent: $730 (33% rent)
- Median household income: $51,232
- Pictured: 504 Northwood Dr, Redwood Falls ($599,000, 4 bedrooms)
- Median home value: $104,100 (67% own)
- Median rent: $730 (33% rent)
- Median household income: $51,232
- Pictured: 504 Northwood Dr, Redwood Falls ($599,000, 4 bedrooms)
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#20. Alexandria
- Population: 13,554
- Median home value: $177,100 (53% own)
- Median rent: $712 (47% rent)
- Median household income: $52,984
- Pictured: 3423 Casa Marina Rd NW, Alexandria ($1.5 million, 5 bedrooms)
- Median home value: $177,100 (53% own)
- Median rent: $712 (47% rent)
- Median household income: $52,984
- Pictured: 3423 Casa Marina Rd NW, Alexandria ($1.5 million, 5 bedrooms)
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#19. Lauderdale
- Population: 2,514
- Median home value: $206,100 (47% own)
- Median rent: $988 (53% rent)
- Median household income: $53,684
- Pictured: 1763 Malvern St, Lauderdale ($469,900, 3 bedrooms)
- Median home value: $206,100 (47% own)
- Median rent: $988 (53% rent)
- Median household income: $53,684
- Pictured: 1763 Malvern St, Lauderdale ($469,900, 3 bedrooms)
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#18. Bloomington
- Population: 85,332
- Median home value: $251,300 (67% own)
- Median rent: $1,178 (33% rent)
- Median household income: $75,130
- Pictured: 3401 Overlook Dr, Bloomington ($2.6 million, 6 bedrooms)
- Median home value: $251,300 (67% own)
- Median rent: $1,178 (33% rent)
- Median household income: $75,130
- Pictured: 3401 Overlook Dr, Bloomington ($2.6 million, 6 bedrooms)
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#17. Granite Falls
- Population: 2,660
- Median home value: $125,300 (64% own)
- Median rent: $583 (36% rent)
- Median household income: $58,690
- Pictured: 10070 15th Ave SE, Granite Falls ($410,000, 3 bedrooms)
- Median home value: $125,300 (64% own)
- Median rent: $583 (36% rent)
- Median household income: $58,690
- Pictured: 10070 15th Ave SE, Granite Falls ($410,000, 3 bedrooms)
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#16. North Oaks
- Population: 5,177
- Median home value: $633,300 (77% own)
- Median rent: $2,614 (23% rent)
- Median household income: $178,816
- Pictured: 95 Rapp Farm Pl, North Oaks ($1.6 million, 5 bedrooms)
- Median home value: $633,300 (77% own)
- Median rent: $2,614 (23% rent)
- Median household income: $178,816
- Pictured: 95 Rapp Farm Pl, North Oaks ($1.6 million, 5 bedrooms)
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#15. Osseo
- Population: 2,753
- Median home value: $198,600 (50% own)
- Median rent: $1,007 (50% rent)
- Median household income: $57,946
- Pictured: 513 1st Ave NW, Osseo ($359,800, 4 bedrooms)
- Median home value: $198,600 (50% own)
- Median rent: $1,007 (50% rent)
- Median household income: $57,946
- Pictured: 513 1st Ave NW, Osseo ($359,800, 4 bedrooms)
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#14. Oak Park Heights
- Population: 4,889
- Median home value: $245,400 (49% own)
- Median rent: $1,641 (51% rent)
- Median household income: $61,181
- Pictured: 5633 Oak Cv N, Oak Park Heights ($660,000, 4 bedrooms)
- Median home value: $245,400 (49% own)
- Median rent: $1,641 (51% rent)
- Median household income: $61,181
- Pictured: 5633 Oak Cv N, Oak Park Heights ($660,000, 4 bedrooms)
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#13. Fairmont
- Population: 10,127
- Median home value: $123,700 (67% own)
- Median rent: $621 (33% rent)
- Median household income: $47,876
- Pictured: 1830 Oakwood Ave, Fairmont ($679,000, 4 bedrooms)
- Median home value: $123,700 (67% own)
- Median rent: $621 (33% rent)
- Median household income: $47,876
- Pictured: 1830 Oakwood Ave, Fairmont ($679,000, 4 bedrooms)
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#12. St. Anthony
- Population: 9,038
- Median home value: $269,300 (63% own)
- Median rent: $1,092 (37% rent)
- Median household income: $73,918
- Pictured: 3300 Belden Dr NE, Saint Anthony ($585,000, 5 bedrooms)
- Median home value: $269,300 (63% own)
- Median rent: $1,092 (37% rent)
- Median household income: $73,918
- Pictured: 3300 Belden Dr NE, Saint Anthony ($585,000, 5 bedrooms)
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#11. Wayzata
- Population: 4,561
- Median home value: $523,600 (55% own)
- Median rent: $1,163 (45% rent)
- Median household income: $86,852
- Pictured: 2515 Cedar Point Dr, Wayzata ($11.0 million, 5 bedrooms)
- Median home value: $523,600 (55% own)
- Median rent: $1,163 (45% rent)
- Median household income: $86,852
- Pictured: 2515 Cedar Point Dr, Wayzata ($11.0 million, 5 bedrooms)
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#10. Blue Earth
- Population: 3,138
- Median home value: $82,700 (67% own)
- Median rent: $562 (33% rent)
- Median household income: $46,250
- Pictured: 1073 305th Ave, Blue Earth ($210,000, 4 bedrooms)
- Median home value: $82,700 (67% own)
- Median rent: $562 (33% rent)
- Median household income: $46,250
- Pictured: 1073 305th Ave, Blue Earth ($210,000, 4 bedrooms)
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#9. Morse Township
- Population: 1,264
- Median home value: $256,800 (96% own)
- Median rent: $692 (4% rent)
- Median household income: $63,750
- Pictured: 41227 County Road 311, Deer River ($279,900, 3 bedrooms)
- Median home value: $256,800 (96% own)
- Median rent: $692 (4% rent)
- Median household income: $63,750
- Pictured: 41227 County Road 311, Deer River ($279,900, 3 bedrooms)
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#8. Spring Park
- Population: 1,906
- Median home value: $425,000 (22% own)
- Median rent: $1,075 (78% rent)
- Median household income: $50,678
- Pictured: 4100 Spring St Apt 207, Spring Park ($489,000, 2 bedrooms)
- Median home value: $425,000 (22% own)
- Median rent: $1,075 (78% rent)
- Median household income: $50,678
- Pictured: 4100 Spring St Apt 207, Spring Park ($489,000, 2 bedrooms)
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#7. Silver Creek Township
- Population: 1,332
- Median home value: $225,000 (94% own)
- Median rent: $975 (6% rent)
- Median household income: $64,911
- Pictured: 125 Bluebird Ln, Clearwater ($275,000, 2 bedrooms)
- Median home value: $225,000 (94% own)
- Median rent: $975 (6% rent)
- Median household income: $64,911
- Pictured: 125 Bluebird Ln, Clearwater ($275,000, 2 bedrooms)
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#6. Edina
- Population: 51,746
- Median home value: $476,300 (71% own)
- Median rent: $1,404 (29% rent)
- Median household income: $104,244
- Pictured: 4619 Moorland Ave, Edina ($3.9 million, 8 bedrooms)
- Median home value: $476,300 (71% own)
- Median rent: $1,404 (29% rent)
- Median household income: $104,244
- Pictured: 4619 Moorland Ave, Edina ($3.9 million, 8 bedrooms)
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#5. Mendota Heights
- Population: 11,289
- Median home value: $392,600 (89% own)
- Median rent: $1,127 (11% rent)
- Median household income: $121,214
- Pictured: 1502 Vandall St, Mendota Heights ($1.7 million, 5 bedrooms)
- Median home value: $392,600 (89% own)
- Median rent: $1,127 (11% rent)
- Median household income: $121,214
- Pictured: 1502 Vandall St, Mendota Heights ($1.7 million, 5 bedrooms)
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#4. Crosby
- Population: 2,749
- Median home value: $88,500 (57% own)
- Median rent: $810 (43% rent)
- Median household income: $42,717
- Pictured: 16496 Miller Lake Rd, Crosby ($829,900, 3 bedrooms)
- Median home value: $88,500 (57% own)
- Median rent: $810 (43% rent)
- Median household income: $42,717
- Pictured: 16496 Miller Lake Rd, Crosby ($829,900, 3 bedrooms)
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#3. Henrietta Township
- Population: 1,574
- Median home value: $204,100 (83% own)
- Median rent: $809 (17% rent)
- Median household income: $60,769
- Pictured: 508 Valhalla Dr, Norwood Young America ($250,000, 3 bedrooms)
- Median home value: $204,100 (83% own)
- Median rent: $809 (17% rent)
- Median household income: $60,769
- Pictured: 508 Valhalla Dr, Norwood Young America ($250,000, 3 bedrooms)
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#2. Lake City
- Population: 5,261
- Median home value: $169,600 (68% own)
- Median rent: $845 (32% rent)
- Median household income: $57,853
- Pictured: 1004 S Lakeshore Dr, Lake City ($619,000, 3 bedrooms)
- Median home value: $169,600 (68% own)
- Median rent: $845 (32% rent)
- Median household income: $57,853
- Pictured: 1004 S Lakeshore Dr, Lake City ($619,000, 3 bedrooms)
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#1. Jackson
- Population: 3,219
- Median home value: $117,500 (75% own)
- Median rent: $711 (25% rent)
- Median household income: $50,972
- Pictured: 926 Springfield Pkwy, Jackson ($480,000, 4 bedrooms)
- Median home value: $117,500 (75% own)
- Median rent: $711 (25% rent)
- Median household income: $50,972
- Pictured: 926 Springfield Pkwy, Jackson ($480,000, 4 bedrooms)
