Tower, MN
367Residents
$65,893Median household income
$586/moMedian gross rent
$109,600Median home value
55.4Median age
13%Adults with a bachelor’s degree or higher
83%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 11% of the median household income in Tower.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $23,000 a year. In Minnesota that leaves roughly $1,582 a month after tax. See the full paycheck breakdown for $30,000.
Largest places in Minnesota
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.