Cost of Living in Shakopee
Shakopee's cost of living pairs genuinely moderate home values against the lowest effective property tax rate of this four-city Minnesota batch.
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Learn moreGenuinely moderate housing for the south metro
Zillow's average home value ran $412,597 (+1.2% YoY, updated June 30, 2026), while Redfin's median sale price ran a close $405,000 -- up a real, disclosed 5.3% year-over-year over the three months ending May 2026.
The lowest property tax rate in this batch
Shakopee's median effective property tax rate ran 1.01% per Ownwell this pass -- genuinely close to the 1.02% national median, and below Minnesota's own real, documented 1.04%-1.15% statewide cluster.
A genuinely diversified local economy
Shakopee's economy is anchored by the Shakopee Mdewakanton Sioux Community (Scott County's largest employer), Amazon, Seagate Technology, and St. Francis Regional Medical Center, alongside Valleyfair and Canterbury Park.
Minnesota's 4-bracket income tax applies regardless
Minnesota's real, progressive 4-bracket state income tax (5.35%-9.85%) applies statewide, including in Shakopee -- with no local/county piggyback layer.
Key takeaways
- Home values ($405K-$413K depending on source) run genuinely moderate for the south metro.
- Effective property tax rate (1.01%) is the lowest of this four-city Minnesota batch.
- A genuinely diversified local economy anchors Shakopee: tribal gaming, logistics, tech, and healthcare.
- Minnesota's statewide 4-bracket income tax applies regardless of city, with no local piggyback layer.
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