Andover is a city in Minnesota state in USA with a population of 33019 residents.. The poverty rate of Andover is 2.9%, which is 79% lower than national average. The typical household in Andover earns $112967 a year, compared to the national median of $67,500. Nearly 14.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Andover, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Andover remained 1.7%, which is 64% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Andover, only 36% of adults have a bachelor's degree and 40% have some college but no degree.

Cost of living in Andover is 114, which is 14% higher than national average. Median home value in Andover is $305900 , which is 33% higher than national average. While median income in Andover remained $112967, which is 67% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.