Golden Valley, MN
Discover how far your salary goes in Golden Valley. Compare taxes, rent, and living costs.
22,552
9.8%
$1,463
/month
+5%
above avg
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Rent Prices in Golden Valley
Studio
$1,170
/month
$14,040/year
1 Bedroom
$1,463
/month
$17,556/year
2 Bedroom
$1,975
/month
$23,700/year
3 Bedroom
$2,560
/month
$30,720/year
Taxes in Minnesota
State Income Tax
Minnesota
For a $100k salary, that's ~$9,850/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Golden Valley, MN?▼
Golden Valley has a cost of living index of 125, which is 25% above the national average. A 1-bedroom apartment costs around $1,463/month.
What is the state income tax in Minnesota?▼
Minnesota has a state income tax rate of approximately 9.8%. This is in addition to federal income tax.
How much is rent in Golden Valley?▼
The median rent for a 1-bedroom apartment in Golden Valley is $1,463/month. For a 2-bedroom, expect to pay around $1,975/month. This is 5% above the national average.
Is Golden Valley a good place to live?▼
Golden Valley is a town with a population of 22,552. The cost of living is above average, making it more expensive than average for the US.
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