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Andover, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
33,035
Population
$137,593
Median Income
$410,200
Home Value
39.6
Median Age

Demographics

Andover has a population of 33,035 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:

White
85.7%
Black
4.6%
Other
4.0%
Asian
3.0%
Hispanic
2.7%
Demographic Value
Total Population33,035
Median Age39.6
White85.7%
Black or African American4.6%
Asian3.0%
Hispanic or Latino2.7%
Other / Two or More Races4.0%
Andover, Minnesota — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 85.7%Black: 4.6%Other: 4.0%Asian: 3.0%Hispanic/Latino: 2.7%33,035PopulationWhiteWhite85.7%BlackBlack4.6%OtherOther4.0%AsianAsian3.0%Hispanic/LatinoHispanic/Latino2.7%

Income & Economy

The median household income in Andover is $137,593, which is 70.7% above the national median of $80,610. The per capita income is $53,379. The poverty rate is 3.3%.

$137,593
Median Household Income
$53,379
Per Capita Income
3.3%
Poverty Rate

Employment

The unemployment rate in Andover is 2.6%, compared to the national rate of 4.1%.

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Education

In Andover, 96.2% of residents age 25+ have a high school diploma or higher, and 38.2% hold a bachelor's degree or higher (10.8% with a graduate or professional degree).

HS Diploma+
96.2%
Bachelor's+
38.2%
Graduate+
10.8%
Education Level % of Adults (25+)
High School Diploma or Higher96.2%
Bachelor's Degree or Higher38.2%
Graduate or Professional Degree10.8%

Housing

The median home value in Andover is $410,200, above the national median of $303,400. The median monthly rent is $2,037. The homeownership rate is 94.1%.

$410,200
Median Home Value
$2,037/mo
Median Rent
94.1%
Homeownership Rate
Housing Metric Value
Median Home Value$410,200
Median Monthly Rent$2,037
Homeownership Rate94.1%
Vacancy Rate1.7%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Andover, Minnesota?
The population of Andover, Minnesota is 33,035 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Andover, Minnesota?
The median household income in Andover, Minnesota is $137,593. This is 70.7% above the national median of $80,610.
What is the median home value in Andover, Minnesota?
The median home value in Andover, Minnesota is $410,200. The median monthly rent is $2,037.
What percentage of people in Andover have a college degree?
In Andover, Minnesota, 38.2% of adults age 25 and older hold a bachelor's degree or higher, and 96.2% have a high school diploma or higher.
Is Andover, Minnesota an affordable place to live?
The home price-to-income ratio in Andover, Minnesota is 3.0x (median home value $410,200 vs. median income $137,593), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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