Independence, MN
3,694Residents
$186,597Median household income
$3,469/moMedian gross rent
$663,400Median home value
44.7Median age
67%Adults with a bachelor’s degree or higher
92%Homes lived in by their owners
3.6×Home value to household income
Median rent takes about 22% of the median household income in Independence.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $139,000 a year. In Minnesota that leaves roughly $8,068 a month after tax. See the full paycheck breakdown for $140,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.