Andover, MN vs Ham Lake, MN

Ham Lake is moderately more affordable than Andover, with a 10.8% lower cost of living index. Andover scores 124 compared to 112 for Ham Lake, where the US average is 100. This difference means residents of Andover can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Andover is $1,827/month compared to $1,319/month in Ham Lake — a 39% difference. Interestingly, home values tell a different story: while Ham Lake has cheaper rent, Andover actually has lower median home values ($389,200 vs $430,100).

Median household income in Andover is $131,528 compared to $116,845 in Ham Lake (+12.6%). While Andover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Andover spend roughly 16.7% of their income on rent, more than the 13.5% in Ham Lake.