Living in Savage, Minnesota
Cost of living, income, home prices, rent and demographics of Savage · Census data 2020–2024
Savage has 32,889 residents with a median age of 37.5. The median household income is $125,513 (41% higher than the Minnesota median), the median home value is $432,300, the median rent is $1,766/month.
Savage at a glance
- Population
- 32,889
- Median age
- 37.5State: 38.8
- Median household income
- $125,513State: $89,062
- Median home value
- $432,300State: $329,300
- Median rent
- $1,766/moState: $1,280
- Homeowners
- 85.8%
- Bachelor's degree or higher
- 53.7%
- Average commute
- 25 min
Is Savage a good place to live?
Pros: Median household income 41% higher than the Minnesota median; a poverty rate of 5.8%.
Cons: Home values 31% higher than the state median; an average commute of 25 minutes; unemployment of 5.3%.
The weather is best in June to September.
Cost of living in Savage
Housing is the biggest part of the cost of living. In Savage the median home value is $432,300, 30% higher than the U.S. median. Renters pay a median of $1,766 per month, which is 32.1% of household income. Homeowners with a mortgage pay $2,312 a month in housing costs.
Savage median household income
The median household income in Savage is $125,513 and the income per person is $55,451. 5.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Savage: homes for sale and rent
- Housing units
- 12,207
- Owner-occupied
- 85.8%
- Renter-occupied
- 14.2%
- Vacant
- 1.5%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.74
Savage demographics
- Population
- 32,889
- Median age
- 37.5
- Under 18
- 25.3%
- 65 and older
- 11.9%
- Households
- 12,021
- Foreign-born
- 10.8%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Savage ›
Education in Savage
53.7% of adults 25 and older in Savage have a bachelor's degree or higher (Minnesota: 39.4%), and 15.7% have a graduate or professional degree.
Jobs and commute in Savage
- Unemployment rate
- 5.3%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 22.3%
- Drive alone
- 69.6%
- Public transit
- 0.5%
- Walk to work
- 0.5%
- Homes with broadband
- 96.2%
Savage vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Savage | 32,889 | $125,513 | $432,300 | $1,766 |
| Burnsville | 64,463 | $87,024 | $355,200 | $1,513 |
| Prior Lake | 28,016 | $134,255 | $450,700 | $1,654 |
| Bloomington | 88,665 | $93,211 | $361,700 | $1,561 |
| Shakopee | 46,012 | $107,223 | $374,800 | $1,531 |
| Credit River | 5,551 | $143,125 | $595,000 | — |
| Eden Prairie | 63,051 | $130,489 | $473,900 | $1,833 |
| Lakeville | 74,354 | $139,041 | $452,500 | $1,806 |
| Apple Valley | 55,679 | $97,673 | $370,400 | $1,738 |
More for people moving to Savage
Savage ZIP code ›Weather and climate ›Living in Savage: FAQ
What is the median household income in Savage, MN?
The median household income in Savage is $125,513, 41% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Savage?
The median home value in Savage is $432,300, compared with $329,300 in Minnesota.
How much is rent in Savage?
The median gross rent in Savage is $1,766 per month, about 32.1% of household income.
Is Savage, MN a good place to live?
Pluses: median household income 41% higher than the Minnesota median; a poverty rate of 5.8%. Minuses: home values 31% higher than the state median; an average commute of 25 minutes; unemployment of 5.3%.
What is the median age in Savage?
The median age in Savage is 37.5 years (Minnesota: 38.8).
How long is the commute in Savage?
The average commute to work in Savage is 25 minutes; 22.3% of workers work from home.
What is the unemployment rate in Savage?
The unemployment rate in Savage is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Savage?
53.7% of adults in Savage have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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