Best places to retire in Minnesota

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October 13, 2021
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Best places to retire in Minnesota

For many people, retirement is the reward after decades of working and raising a family. After all that anticipation, deciding where to spend that precious time can be a tough decision, so Stacker looked to data and rankings from Niche to compile a list of the best places to retire in Minnesota. Niche ranks places to retire based on a variety of factors including cost of living, health care, recreation, and weather.

Many retirees seek out easy access to indoor and outdoor recreation, from walking trails and water access to museums and theaters. Many desirable retirement destinations also have good proximity to major cities, ripe with arts, culture, and health care resources. But those choice locations carry the key drawback of a high cost of living, often due to pricey housing costs, that will not suit retirees often on fixed incomes. Low crime rates make a difference, as well.

Keep reading to discover the best places to retire in Minnesota.

#25. Shoreview
- Population: 26,791
- Median home value: $275,800 (83% own)
- Median rent: $1,214 (17% rent)
- Median household income: $92,826

#24. Florence Township
- Population: 1,514
- Median home value: $278,300 (90% own)
- Median rent: $1,083 (10% rent)
- Median household income: $80,833

#23. Grant
- Population: 4,100
- Median home value: $469,100 (97% own)
- Median rent: $2,904 (3% rent)
- Median household income: $116,947

#22. Benson
- Population: 3,078
- Median home value: $106,000 (55% own)
- Median rent: $693 (45% rent)
- Median household income: $41,063

#21. Redwood Falls
- Population: 4,989
- Median home value: $104,100 (67% own)
- Median rent: $730 (33% rent)
- Median household income: $51,232

#20. Alexandria
- Population: 13,554
- Median home value: $177,100 (53% own)
- Median rent: $712 (47% rent)
- Median household income: $52,984

#19. Lauderdale
- Population: 2,514
- Median home value: $206,100 (47% own)
- Median rent: $988 (53% rent)
- Median household income: $53,684

#18. Bloomington
- Population: 85,332
- Median home value: $251,300 (67% own)
- Median rent: $1,178 (33% rent)
- Median household income: $75,130

#17. Granite Falls
- Population: 2,660
- Median home value: $125,300 (64% own)
- Median rent: $583 (36% rent)
- Median household income: $58,690

#16. North Oaks
- Population: 5,177
- Median home value: $633,300 (77% own)
- Median rent: $2,614 (23% rent)
- Median household income: $178,816

#15. Osseo
- Population: 2,753
- Median home value: $198,600 (50% own)
- Median rent: $1,007 (50% rent)
- Median household income: $57,946

#14. Oak Park Heights
- Population: 4,889
- Median home value: $245,400 (49% own)
- Median rent: $1,641 (51% rent)
- Median household income: $61,181

#13. Fairmont
- Population: 10,127
- Median home value: $123,700 (67% own)
- Median rent: $621 (33% rent)
- Median household income: $47,876

#12. St. Anthony
- Population: 9,038
- Median home value: $269,300 (63% own)
- Median rent: $1,092 (37% rent)
- Median household income: $73,918

#11. Wayzata
- Population: 4,561
- Median home value: $523,600 (55% own)
- Median rent: $1,163 (45% rent)
- Median household income: $86,852

#10. Blue Earth
- Population: 3,138
- Median home value: $82,700 (67% own)
- Median rent: $562 (33% rent)
- Median household income: $46,250

#9. Morse Township
- Population: 1,264
- Median home value: $256,800 (96% own)
- Median rent: $692 (4% rent)
- Median household income: $63,750

#8. Spring Park
- Population: 1,906
- Median home value: $425,000 (22% own)
- Median rent: $1,075 (78% rent)
- Median household income: $50,678

#7. Silver Creek Township
- Population: 1,332
- Median home value: $225,000 (94% own)
- Median rent: $975 (6% rent)
- Median household income: $64,911

#6. Edina
- Population: 51,746
- Median home value: $476,300 (71% own)
- Median rent: $1,404 (29% rent)
- Median household income: $104,244

#5. Mendota Heights
- Population: 11,289
- Median home value: $392,600 (89% own)
- Median rent: $1,127 (11% rent)
- Median household income: $121,214

#4. Crosby
- Population: 2,749
- Median home value: $88,500 (57% own)
- Median rent: $810 (43% rent)
- Median household income: $42,717

#3. Henrietta Township
- Population: 1,574
- Median home value: $204,100 (83% own)
- Median rent: $809 (17% rent)
- Median household income: $60,769

#2. Lake City
- Population: 5,261
- Median home value: $169,600 (68% own)
- Median rent: $845 (32% rent)
- Median household income: $57,853

#1. Jackson
- Population: 3,219
- Median home value: $117,500 (75% own)
- Median rent: $711 (25% rent)
- Median household income: $50,972

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Best places to retire in Minnesota

For many people, retirement is the reward after decades of working and raising a family. After all that anticipation, deciding where to spend that precious time can be a tough decision, so Stacker looked to data and rankings from Niche to compile a list of the best places to retire in Minnesota. Niche ranks places to retire based on a variety of factors including cost of living, health care, recreation, and weather.

Many retirees seek out easy access to indoor and outdoor recreation, from walking trails and water access to museums and theaters. Many desirable retirement destinations also have good proximity to major cities, ripe with arts, culture, and health care resources. But those choice locations carry the key drawback of a high cost of living, often due to pricey housing costs, that will not suit retirees often on fixed incomes. Low crime rates make a difference, as well.

Keep reading to discover the best places to retire in Minnesota.

#25. Shoreview
- Population: 26,791
- Median home value: $275,800 (83% own)
- Median rent: $1,214 (17% rent)
- Median household income: $92,826

#24. Florence Township
- Population: 1,514
- Median home value: $278,300 (90% own)
- Median rent: $1,083 (10% rent)
- Median household income: $80,833

#23. Grant
- Population: 4,100
- Median home value: $469,100 (97% own)
- Median rent: $2,904 (3% rent)
- Median household income: $116,947

#22. Benson
- Population: 3,078
- Median home value: $106,000 (55% own)
- Median rent: $693 (45% rent)
- Median household income: $41,063

#21. Redwood Falls
- Population: 4,989
- Median home value: $104,100 (67% own)
- Median rent: $730 (33% rent)
- Median household income: $51,232

#20. Alexandria
- Population: 13,554
- Median home value: $177,100 (53% own)
- Median rent: $712 (47% rent)
- Median household income: $52,984

#19. Lauderdale
- Population: 2,514
- Median home value: $206,100 (47% own)
- Median rent: $988 (53% rent)
- Median household income: $53,684

#18. Bloomington
- Population: 85,332
- Median home value: $251,300 (67% own)
- Median rent: $1,178 (33% rent)
- Median household income: $75,130

#17. Granite Falls
- Population: 2,660
- Median home value: $125,300 (64% own)
- Median rent: $583 (36% rent)
- Median household income: $58,690

#16. North Oaks
- Population: 5,177
- Median home value: $633,300 (77% own)
- Median rent: $2,614 (23% rent)
- Median household income: $178,816

#15. Osseo
- Population: 2,753
- Median home value: $198,600 (50% own)
- Median rent: $1,007 (50% rent)
- Median household income: $57,946

#14. Oak Park Heights
- Population: 4,889
- Median home value: $245,400 (49% own)
- Median rent: $1,641 (51% rent)
- Median household income: $61,181

#13. Fairmont
- Population: 10,127
- Median home value: $123,700 (67% own)
- Median rent: $621 (33% rent)
- Median household income: $47,876

#12. St. Anthony
- Population: 9,038
- Median home value: $269,300 (63% own)
- Median rent: $1,092 (37% rent)
- Median household income: $73,918

#11. Wayzata
- Population: 4,561
- Median home value: $523,600 (55% own)
- Median rent: $1,163 (45% rent)
- Median household income: $86,852

#10. Blue Earth
- Population: 3,138
- Median home value: $82,700 (67% own)
- Median rent: $562 (33% rent)
- Median household income: $46,250

#9. Morse Township
- Population: 1,264
- Median home value: $256,800 (96% own)
- Median rent: $692 (4% rent)
- Median household income: $63,750

#8. Spring Park
- Population: 1,906
- Median home value: $425,000 (22% own)
- Median rent: $1,075 (78% rent)
- Median household income: $50,678

#7. Silver Creek Township
- Population: 1,332
- Median home value: $225,000 (94% own)
- Median rent: $975 (6% rent)
- Median household income: $64,911

#6. Edina
- Population: 51,746
- Median home value: $476,300 (71% own)
- Median rent: $1,404 (29% rent)
- Median household income: $104,244

#5. Mendota Heights
- Population: 11,289
- Median home value: $392,600 (89% own)
- Median rent: $1,127 (11% rent)
- Median household income: $121,214

#4. Crosby
- Population: 2,749
- Median home value: $88,500 (57% own)
- Median rent: $810 (43% rent)
- Median household income: $42,717

#3. Henrietta Township
- Population: 1,574
- Median home value: $204,100 (83% own)
- Median rent: $809 (17% rent)
- Median household income: $60,769

#2. Lake City
- Population: 5,261
- Median home value: $169,600 (68% own)
- Median rent: $845 (32% rent)
- Median household income: $57,853

#1. Jackson
- Population: 3,219
- Median home value: $117,500 (75% own)
- Median rent: $711 (25% rent)
- Median household income: $50,972

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