MyNeighborhood

Can you afford to live in BROOKLYN PARK?

Median household income, home values and rent in BROOKLYN PARK, MN — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in BROOKLYN PARK.

Median household income: $73,698 — +46.9% since 2015 (not adjusted for inflation)

Median gross rent: $1,306/mo — +48.2% since 2015

Median home value, 2015 to 2023

  • 2015: 190900
  • 2023: 314600

Median household income

  • BROOKLYN PARK: 73698
  • Hennepin County: 96339
  • MN: 87556
  • U.S.: 78538

Median gross rent

  • BROOKLYN PARK: 1306
  • Hennepin County: 1439
  • MN: 1235
  • U.S.: 1348

Share of income a typical renter spends on rent: 32.6% — U.S.: 30.2%

What it means

The typical household here earns $73,698 — slightly lower than the national figure of $78,538.

The typical renter here spends 32.6% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+48.2% versus +46.9%), before adjusting for inflation.

Sources

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