Hanover, MN vs St. Anthony city (Hennepin and Ramsey Counties), MN

There is a significant gap in the cost of living between these two cities. St. Anthony city (Hennepin and Ramsey Counties) is 15.1% cheaper than Hanover. With a cost index of 109 vs 126, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from St. Anthony city (Hennepin and Ramsey Counties) to Hanover should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hanover is $1,806/month compared to $1,413/month in St. Anthony city (Hennepin and Ramsey Counties) — a 28% difference. Home values follow the same pattern: St. Anthony city (Hennepin and Ramsey Counties) is more affordable at $365,700 median vs $421,700.

Median household income in Hanover is $147,944 compared to $97,784 in St. Anthony city (Hennepin and Ramsey Counties) (+51.3%). While Hanover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 14.6% of their income on rent, less than the 17.3% in St. Anthony city (Hennepin and Ramsey Counties).

Climate-wise, both cities share similar average temperatures (45.8°F vs 45.8°F). St. Anthony city (Hennepin and Ramsey Counties) receives more rainfall at 30.7" per year compared to 30.7" in Hanover.