How many renters in Golden Valley, MN pay more than 30% of their income on rent?
47.6% (±9.8 points) of renting households in Golden Valley, MN spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
38.8% spend 35% or more.
The median renting household spends 29.1% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 47.6% (±9.8 points)
- Paying 35% or more
- 38.8% (±8.6 points)
- Median share of income
- 29.1% (±3.5 points)
Rent as a share of income in Golden Valley
| Share of income spent on rent | Golden Valley | Hennepin County | Minnesota | United States |
|---|---|---|---|---|
| Less than 15% | 13.0% (±5.3 points) | 11.8% | 12.9% | 12.6% |
| 15% to 19.9% | 10.2% (±4.9 points) | 13.3% | 12.9% | 12.2% |
| 20% to 24.9% | 16.6% (±7.2 points) | 14.6% | 13.9% | 12.6% |
| 25% to 29.9% | 12.6% (±5.7 points) | 12.8% | 12.1% | 11.5% |
| 30% to 34.9% | 8.8% (±4.6 points) | 9.3% | 9.7% | 9.2% |
| 35% or more | 38.8% (±8.6 points) | 38.2% | 38.4% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Golden Valley against Hennepin County, its state and the nation
| Golden Valley | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Paying 30% or more | 47.6% (±9.8 points) | 47.5% (±1.1 points) | 48.1% (±0.6 points) | 51.1% |
| Paying 35% or more | 38.8% (±8.6 points) | 38.2% (±0.9 points) | 38.4% (±0.5 points) | 41.9% |
| Median share of income | 29.1% (±3.5 points) | 29.0% (±0.4 points) | 29.2% (±0.3 points) | 30.6% |
| Median renter household income | $68,450 (±$13,158) | $59,890 (±$1,200) | $51,080 (±$531) | $52,966 |
| Median gross rent | $1,785 (±$117) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
In Golden Valley, the share of renters paying 30% or more of income is not measurably different from Hennepin County (47.5%).
It is not measurably different from Minnesota (48.1%).
It is not measurably different from the national figure (51.1%).
In Hennepin County, Golden Valley ranks 21 of 42 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 760 of 2,184.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Golden Valley
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Golden Valley | — | 47.6% (±9.8 points) | — |
| Robbinsdale | 2.7 mi | 61.9% (±11.1 points) | Not measurably different |
| St. Louis Park | 2.9 mi | 39.8% (±4.1 points) | Not measurably different |
| Medicine Lake | 2.9 mi | 18.2% (±14.5 points) | Lower |
| Crystal | 3.3 mi | 54.4% (±7.8 points) | Not measurably different |
| New Hope | 3.4 mi | 54.0% (±7.4 points) | Not measurably different |
| Minneapolis | 4.8 mi | 48.1% (±1.7 points) | Not measurably different |
| Hopkins | 5.0 mi | 47.5% (±6.7 points) | Not measurably different |
| Plymouth | 5.5 mi | 42.3% (±5.2 points) | Not measurably different |
Nearby places with a measurably lower figure: Medicine Lake, MN (18.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Hennepin County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 15 | New Hope | 54.0% (±7.4 points) |
| 16 | Deephaven | 51.6% (±32.2 points) |
| 17 | Wayzata | 51.5% (±17.1 points) |
| 18 | Brooklyn Center | 50.2% (±8.1 points) |
| 19 | Edina | 49.3% (±6.4 points) |
| 20 | Minneapolis | 48.1% (±1.7 points) |
| 21 | Golden Valley | 47.6% (±9.8 points) |
| 22 | Hopkins | 47.5% (±6.7 points) |
| 23 | Maple Grove | 47.2% (±8.2 points) |
| 24 | Maple Plain | 46.9% (±22.3 points) |
| 25 (tie) | Bloomington | 46.3% (±4.2 points) |
| 25 (tie) | Corcoran | 46.3% (±66.1 points) |
| 27 (tie) | Medina | 45.9% (±44.2 points) |
Showing 13 of 42 places in Hennepin County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Golden Valley
Are renters in Golden Valley rent-burdened?
47.6% of renting households in Golden Valley pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Golden Valley spend on rent?
The median renting household in Golden Valley, MN spends 29.1% (±3.5 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Golden Valley city, Minnesota
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Golden Valley city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Golden Valley city, Minnesota
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Golden Valley city, Minnesota (place:24308, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Golden Valley at a glance
- Median rent in Golden Valley
- Rent by bedrooms in Golden Valley
- Renters and owners in Golden Valley
- Income and affordability in Golden Valley
- Home values in Golden Valley
- Homeowner costs in Golden Valley
- Property taxes in Golden Valley
- Types of homes in Golden Valley
- Bedrooms in Golden Valley
- Age of homes in Golden Valley
- Vacancy rate in Golden Valley
- Heating fuel in Golden Valley
- Commute and cars in Golden Valley
- Crime reported to police in Golden Valley
- Population growth in Golden Valley
- How long people stay in Golden Valley
- Crowding and facilities in Golden Valley
- Minnesota landlord and tenant rules
- Housing across Hennepin County
- Minnesota places ranked by rent burden
- Housing data for every place in Minnesota