Apartments for rent in Golden Valley, MN

Golden Valley, a small city in Minnesota, has a population of slightly more than 21,000. Retirees are a common sight, as they account for 20% of the population compared to 14% nationally, while young adults appear in smaller numbers. Overall, the city's population, with an average age of just over 43, is older than most cities in Minnesota. Only 26% of residents rent in Golden Valley, as most own their homes. Relatively high rent costs may be a contributing factor, as the average rent of $1,332 per month is substantially higher than the state average of $991.

Golden Valley has an average commute time of about 24 minutes. Driving is the most common way to get to work, chosen by 46% of commuters, while public transit isn't extensively used. Walking isn't a common way to get to work.

Golden Valley has a large percentage of residents over the age of 25 with advanced degrees compared to the national average (7%), as 13% have earned a Master's or a Doctoral degree. In addition, 27% have a Bachelor's degree, which also outpaces the national average. There are plenty of industries from which to choose in Golden Valley, the most common five of which are scientific, retail, healthcare, manufacturing, and education. Together, these industries make up 33% of the city's labor force. Meanwhile, in terms of job function, many residents work in management, making it the top field in the city. With an average annual income of almost $102,000, Golden Valley workers earn around $21,000 more than their peers elsewhere in Minnesota. Golden Valley's average income also compares favorably to the national average of $73,345.