What is the cost of living in Carver, MN?
According to the most recent data on the cost of living, Carver has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Carver has a cost of living index that's 1.2x higher than Minnesota's index of 101.
The standard of living in Carver ranks as #132 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Carver ranks as the #19 most expensive place in the North Star State.
For more reading on life in Carver, check out:
Carver Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Carver. Here is how it fares on each of the criteria:
The Services index in Carver is 100.
The Groceries index in Carver is 102.
The Health index in Carver is 173.
The Housing index in Carver is 99.
The Transportation index in Carver is 101.
The Utilities index in Carver is 98.
| Living Expense | Carver | Minnesota | National Average |
|---|---|---|---|
| Overall | 122 | 101 | 100 |
| Services | 100 | 101 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 173 | 99 | 100 |
| Housing | 99 | 101 | 100 |
| Transportation | 101 | 103 | 100 |
| Utilities | 98 | 101 | 100 |
Carver Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Carver Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Carver, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Carver is $493,732.
The Median Rent in Carver is $1,379.
The Median Income in Carver is $147,697.
The Home Value To Income in Carver is 3.3x.
The Rent To Monthly Income in Carver is 0.11x.
Carver, MN Costs By Category
Detailed Carver Services costs vs. Minnesota
Detailed Carver Groceries costs vs. Minnesota
Detailed Carver Health costs vs. Minnesota
Detailed Carver Transportation costs vs. Minnesota
Carver SnackAbility
Cost Of Living In Cities Around Carver
The cost of living varies in the cities and towns around Carver. Here's a quick look at the cost of living in the most populous nearby places:
Eden Prairie, MN has a cost of living index of 128, 1.0x Carver.
Edina, MN has a cost of living index of 141, 1.2x Carver.
Minnetonka, MN has a cost of living index of 127, 1.0x Carver.
| City | Population | Cost Of Living | Vs. Carver |
|---|---|---|---|
| Eden Prairie, MN | 63,051 | 128 | 1.0x |
| Edina, MN | 53,262 | 141 | 1.2x |
| Minnetonka, MN | 53,064 | 127 | 1.0x |
| Shakopee, MN | 46,012 | 114 | 0.9x |
| Savage, MN | 32,889 | 121 | 1.0x |
| Chaska, MN | 28,706 | 114 | 0.9x |
| Prior Lake, MN | 28,016 | 120 | 1.0x |
| Chanhassen, MN | 26,006 | 128 | 1.0x |
| Waconia, MN | 13,434 | 114 | 0.9x |
| Victoria, MN | 11,295 | 133 | 1.1x |
