Ham Lake, MN

Yes — Ham Lake is about 22% more expensive than the national average, with an overall Cost Index of 122. Housing is the biggest factor: the typical home here is valued around $491,079, and monthly rents average roughly $1,319. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,319, while local median household income is $116,845. That implies a rent-burden proxy of about 14% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Minnesota has a progressive state income tax with a top rate of 9.85%. The effective property tax rate is 1.11%. On a home worth $491,079, that translates to roughly $5,451 per year in property taxes. Sales tax (state + local) averages around 7.54% on everyday purchases.

The typical monthly rent in Ham Lake is around $1,319. That's close to the $1,348 national median. For comparison, the median home value here is $491,079, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Ham Lake is valued at $491,079. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,483/month for principal and interest alone — before property taxes and insurance. About 95% of residents here own their homes.

Grocery prices in Ham Lake are about average compared to the rest of the US (index: 103, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 93). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Ham Lake is a small town with a population of about 16,575. The median age of residents is 42.8, skewing somewhat older — common in established suburban communities. The local poverty rate is 4.07%, well below the national average of 12.4%.