Cost of Living in Aitkin County, Minnesota

$912/mo
Median Monthly Rent
$235,100
Median Home Value
0% below state averageUnaffordable

At a Glance

Median Monthly Rent
$912/mo
0% below state average
Median Home Value
$235,100
17% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Aitkin County Compares

Median monthly rent comparison

Aitkin County$912/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$912/mo
Median Gross Rent
$235,100
Median Home Value
$838/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Aitkin County, Minnesota

Aitkin's rent burden tops the nation

Aitkin County residents spend 18.4% of their income on rent, nearly 4 percentage points above the national average of 14.5%. While the median rent of $912 per month seems modest, it strains local household incomes that average $59,498—significantly lower than the national median of $74,755.

Middle-of-the-road in Minnesota affordability

Aitkin's rent-to-income ratio of 18.4% places it above Minnesota's state average of 14.5%, signaling affordability pressures compared to most state counties. The median rent of $912 matches the state average nearly exactly, but lower incomes here create the real squeeze.

Tighter budgets than nearby counties

Aitkin's residents spend a larger share of income on housing than neighboring Becker County (15.2% rent-to-income ratio) and significantly more than Big Stone County (13.2%). Only Beltrami County (17.7%) comes close to Aitkin's affordability challenge in the region.

Where Aitkin incomes go

Renters here pay $912 monthly while homeowners face $838 in mortgage costs—both pulling hard on a median household income of $59,498. Combined, housing consumes roughly 30% of gross income for an average Aitkin household, well above the standard 28% benchmark.

Consider the total housing picture

If you're weighing a move to Aitkin, factor in that housing costs hit harder here than in neighboring counties like Becker or Big Stone due to lower local incomes. However, median home values of $235,100 remain accessible compared to state averages, making homeownership a potential long-term solution.

Affordability Calculator

See how your income compares to housing costs in Aitkin County

$

Rent Burden

18.4%

of gross income

Max Housing (28% Rule)

$1,388

per month

Owner Cost Burden

16.9%

of gross income

The median home in Aitkin County may be a stretch

Median home value is $235,100. Estimated monthly cost: $1,877 vs. your max of $1,388.

Rent Affordability Guide

Your rent-to-income ratio18.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Aitkin County, Minnesota?
Aitkin County, Minnesota has a median monthly rent of $912/mo and a median home value of $235,100. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Aitkin County?
The median gross rent in Aitkin County is $912/mo. This is 0% below state average for Minnesota.
Is Aitkin County affordable?
Aitkin County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Aitkin County's rent compare to the state average?
Aitkin County's median rent of $912/mo is 0% below state average of $915/mo for Minnesota.
What is the median home value in Aitkin County?
The median home value in Aitkin County, Minnesota is $235,100. This is 17% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.