Henderson vs St. Paul: Cost of Living Comparison
How does the cost of living in Henderson, Nevada compare to St. Paul, Minnesota? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: St. Paul is the more affordable city overall. Housing costs are 62% higher in Henderson compared to St. Paul, while rent is 40% higher. NV has no state income tax.
| Metric | Henderson, NV | St. Paul, MN | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $427,900 | $264,900 | +61.5% |
| Median Monthly Rent | $1,641 | $1,174 | +39.8% |
| Income | |||
| Median Household Income | $85,311 | $69,919 | +22.0% |
| Per Capita Income | $46,882 | $39,726 | +18.0% |
| Taxes | |||
| State Income Tax Rate | None | 9.8% | -100.0% |
| Combined Sales Tax | 8.2% | 7.5% | +9.9% |
| Demographics | |||
| Population | 318,063 | 308,806 | +3.0% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Henderson
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — St. Paul
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Henderson costs $427,900 compared to $264,900 in St. Paul — a 62% premium.
- Rent: Median rent is $1,641/mo in Henderson vs $1,174/mo in St. Paul.
- Income: Median household income is $85,311 in Henderson and $69,919 in St. Paul.
- Taxes: Nevada has no state income tax, while Minnesota has a 9.85% rate.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).