Woodbury is considered moderately expensive in 2025, with average rent for a 2-bedroom apartment at $1,950 and slightly higher grocery and utility costs compared to national averages.
Housing Costs in Woodbury
Housing is the biggest expense for most Woodbury residents. Typical housing options include single-family homes, townhomes, and apartments. Prices vary based on neighborhood, property type, and amenities.
For renters, a 2-bedroom apartment in Woodbury averages between $1,800 to $2,100 per month. Newer luxury units can cost over $2,300. Townhomes and single-family homes command higher rents, typically starting at $2,200 for a 3-bedroom.
Homebuyers can expect median prices around $450,000 for a 3-bedroom house. Newer construction in desirable neighborhoods often exceeds $550,000. Some key cost factors include:
- Neighborhood amenities like parks, trails, and proximity to shopping
- School district rankings
- Age and condition of the property
- HOA fees (common in many Woodbury neighborhoods)
| Housing Type | Monthly Cost Range |
|---|---|
| 2-Bedroom Apartment | $1,800 – $2,300 |
| 3-Bedroom House (Rent) | $2,200 – $3,000+ |
| 3-Bedroom House (Buy) | $2,800 – $3,500+ (mortgage) |
Utilities and Energy Bills
Utility costs in Woodbury trend slightly above the national average. Expect to budget around $200-250 per month for electricity, gas, water, and trash for a 2-bedroom apartment. Larger homes may see bills over $300, especially with summer cooling costs.
High-speed internet starts at $60 per month, with most providers charging $75-100 for speeds over 200 Mbps. Mobile phone plans with data average $40-70 per line.
| Utility | Typical Monthly Cost |
|---|---|
| Electricity, Gas, Water, Trash | $200 – $300+ |
| Internet | $60 – $100 |
| Mobile Phone | $40 – $70 per line |
Groceries and Daily Expenses
Grocery costs in Woodbury are about 5% higher than the U.S. average. Budget around $350-400 per person per month for a balanced diet with some dining out. A gallon of milk runs $4, while a dozen eggs cost about $2.50.
Eating out adds up quickly. A basic fast food meal is $8-10, while a mid-range restaurant charges $15-25 per entree. For a family of four, dining out averages $200-300 extra per month.
Taxes and Hidden Fees
Woodbury’s property tax rate is around 1.2% of assessed value. For a $450,000 home, that means $5,400 per year or $450 per month. Vehicle registration fees are $20-30 annually per car.
Many neighborhoods have monthly HOA fees ranging from $100-400+. These cover amenities and maintenance but can significantly impact housing budgets.
Minnesota’s income tax ranges from 5.35% to 9.85% based on earnings. Sales tax in Woodbury is 7.375%, slightly below the 7.43% metro average but higher than the 6.875% state rate.
Monthly Budget Summary
| Expense Category | Single Person | Couple | Family of 4 |
|---|---|---|---|
| Housing (Rent, 2BR) | $1,950 | $1,950 | $2,600 (3BR) |
| Utilities | $180 | $250 | $350 |
| Groceries | $400 | $800 | $1,400 |
| Transportation | $200 | $300 | $500 |
| Healthcare | $300 | $600 | $1,100 |
| Dining & Entertainment | $300 | $500 | $800 |
| Total Monthly Budget | $3,330 | $4,400 | $6,750 |
Note: All figures are gross monthly income estimates (pre-tax). Actual budgets vary based on lifestyle, family size, and housing choices.
Lifestyle Considerations
While Woodbury’s cost of living is higher than the national average, residents enjoy a high quality of life. The city boasts excellent schools, abundant parks and trails, and convenient access to both downtowns. Commute times for most residents are under 30 minutes.
Newer housing developments offer spacious homes and modern amenities but come with higher price tags and HOA fees. More affordable options exist in older neighborhoods, though home sizes tend to be smaller.
Woodbury’s shopping and dining scene continues to grow, with a mix of local favorites and national chains. Healthcare is readily available, including the Woodwinds Health Campus. Overall, living comfortably in Woodbury requires a gross household income of at least $4,400 per month for a couple or $6,750 for a family.
Frequently Asked Questions
Is Woodbury more expensive than other Twin Cities suburbs?
Woodbury’s housing costs are slightly above average for the east metro but lower than pricier suburbs like Edina or Maple Grove. Everyday expenses are comparable to similar communities.
How much do I need to earn to live well in Woodbury?
For a comfortable lifestyle, aim for a gross household income of $4,400+ per month for a couple or $6,750+ for a family of four. This accounts for housing, utilities, groceries, and discretionary spending.
What are the top 3 costs that surprise newcomers to Woodbury?
New residents are often caught off guard by 1) high HOA fees in many neighborhoods, 2) rising property taxes, and 3) the added cost of commuting to Minneapolis or St. Paul.
Are there ways to reduce my housing costs in Woodbury?
Consider older neighborhoods or townhome communities to find more affordable options. Renting or buying a smaller property can also trim housing expenses.
How do Woodbury’s taxes compare to other states?
Minnesota’s income tax rates are higher than average, though property taxes are moderate. Woodbury’s effective property tax rate of 1.2% is slightly lower than the 1.27% metro median. Sales tax is also a bit below other Twin Cities communities.
What’s the job market like in Woodbury?
Woodbury enjoys a robust economy fueled by healthcare, retail, and professional services. Many residents commute to Minneapolis or St. Paul for work. The city’s unemployment rate typically trends lower than state and national levels.
How bikeable and walkable is Woodbury?
While primarily car-dependent, Woodbury is making strides in bike and pedestrian infrastructure. The city has an extensive trail network connecting parks, schools, and neighborhoods. Some newer developments are embracing walkable design with nearby amenities.