Arden Hills, MN vs Hanover, MN

Arden Hills, MN and Hanover, MN have a very similar cost of living, with only a 1.1% difference in their overall index. Arden Hills scores 127 while Hanover scores 126 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Arden Hills is $1,847/month compared to $1,806/month in Hanover — a 2% difference. Home values follow the same pattern: Hanover is more affordable at $421,700 median vs $423,800.

Median household income in Arden Hills is $128,668 compared to $147,944 in Hanover (-13%). Hanover offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Arden Hills spend roughly 17.2% of their income on rent, more than the 14.6% in Hanover.