Savage, MN
Population 32,706 · Minnesota
About Savage, MN
Savage is a mid-sized city located in Minnesota with a population of 32,706 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,646 per year, which is 63% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Savage features a median home value of $395,600, which is 62% above the national median of $244,900. This places Savage in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,608, 38% above the national average of $1,163/month. Of the 12,073 total housing units, 84% are owner-occupied (10,045 units) and 16% are renter-occupied (1,865 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Savage shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Savage have an average one-way commute time of 26 minutes.
Education & Demographics
51.5% of Savage residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.5% White, 1.0% Hispanic or Latino, 0.2% Black or African American, and 2.0% Asian residents, with 10.3% of the population being foreign-born.
How Savage Ranks in Minnesota
Cost of Living in Savage, MN
Compared to national averages, Savage has a median household income of $122,646 (63% above the national median of $75,149). Home values average $395,600, which is 62% above the national median. Monthly rent at $1,608 is 38% above the US average of $1,163. Within Minnesota, Savage's income is 65% above the state average of $74,221, and home values are 93% above the state median of $204,472.
Why Live in Savage, MN?
Savage offers a strong local economy with a median household income of $122,646, well above the national average, and a well-educated community where 51.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $395,600. However, Savage’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Savage has a population of 32,706 with a median age of 37.4 years. Compare Savage with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Savage
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brooklyn Center | 32,811 | $72,009 | $261,100 | Compare |
| Andover | 32,825 | $131,528 | $389,200 | 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 Savage With Other Cities
Frequently Asked Questions about Savage
What is the population of Savage, MN?
The population of Savage, MN is 32,706 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 Savage?
The median household income in Savage, MN is $122,646 per year, which is 63% above the national median of $75,149.
What is the median home value in Savage?
The median home value in Savage, MN is $395,600, which is 62% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Savage?
The median monthly rent in Savage, MN is $1,608, which is 38% above the national average of $1,163/month.
What is the unemployment rate in Savage?
The unemployment rate in Savage, MN is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Savage, MN a good place to live?
Savage offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 32,706 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Savage, MN?
51.5% of residents in Savage 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 Savage?
Key cost-of-living indicators for Savage, MN: median home value is $395,600 (62% above national), median rent is $1,608/month, and median household income is $122,646. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Savage?
The poverty rate in Savage, MN is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Savage, MN?
Savage's population is 2.5% White, 1.0% Hispanic or Latino, 0.2% Black or African American, 2.0% Asian, and 9.7% two or more races. 10.3% of residents are foreign-born.