Andover, MN
Population 32,825 · Minnesota
About Andover, MN
Andover is a mid-sized city located in Minnesota with a population of 32,825 residents according to the latest US Census Bureau American Community Survey data. The median household income is $131,528 per year, which is 75% above the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Andover features a median home value of $389,200, which is 59% above the national median of $244,900. This places Andover in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,827, 57% above the national average of $1,163/month. Of the 11,289 total housing units, 94% are owner-occupied (10,395 units) and 6% are renter-occupied (692 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Andover shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Andover have an average one-way commute time of 26.1 minutes.
Education & Demographics
37.7% of Andover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.7% White, 1.3% Hispanic or Latino, 0.6% Black or African American, and 0.6% Asian residents, with 5.5% of the population being foreign-born.
How Andover Ranks in Minnesota
Cost of Living in Andover, MN
Compared to national averages, Andover has a median household income of $131,528 (75% above the national median of $75,149). Home values average $389,200, which is 59% above the national median. Monthly rent at $1,827 is 57% above the US average of $1,163. Within Minnesota, Andover's income is 77% above the state average of $74,221, and home values are 90% above the state median of $204,472.
Why Live in Andover, MN?
Andover offers a strong local economy with a median household income of $131,528, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 37.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $389,200. However, Andover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Andover has a population of 32,825 with a median age of 39.4 years. Compare Andover with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Andover
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brooklyn Center | 32,811 | $72,009 | $261,100 | Compare |
| Savage | 32,706 | $122,646 | $395,600 | Compare |
| Fridley | 29,944 | $79,274 | $277,100 | Compare |
| Inver Grove Heights | 35,772 | $104,055 | $352,300 | Compare |
| Roseville | 35,905 | $88,440 | $334,800 | Compare |
| Richfield | 36,725 | $84,055 | $320,400 | Compare |
| Chaska | 28,146 | $110,000 | $379,400 | Compare |
| Oakdale | 28,109 | $90,379 | $305,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Andover With Other Cities
Frequently Asked Questions about Andover
What is the population of Andover, MN?
The population of Andover, MN is 32,825 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Andover?
The median household income in Andover, MN is $131,528 per year, which is 75% above the national median of $75,149.
What is the median home value in Andover?
The median home value in Andover, MN is $389,200, which is 59% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Andover?
The median monthly rent in Andover, MN is $1,827, which is 57% above the national average of $1,163/month.
What is the unemployment rate in Andover?
The unemployment rate in Andover, MN is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Andover, MN a good place to live?
Andover offers above-average incomes, a competitive housing market, and a strong job market. With a population of 32,825 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Andover, MN?
37.7% of residents in Andover aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Andover?
Key cost-of-living indicators for Andover, MN: median home value is $389,200 (59% above national), median rent is $1,827/month, and median household income is $131,528. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Andover?
The poverty rate in Andover, MN is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Andover, MN?
Andover's population is 0.7% White, 1.3% Hispanic or Latino, 0.6% Black or African American, 0.6% Asian, and 4.5% two or more races. 5.5% of residents are foreign-born.