Cost of Living in Benton County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Benton County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Benton County, Minnesota
Benton balances income and housing costs
Benton County's rent-to-income ratio of 15.4% edges above the national average of 14.5%, but household incomes of $71,480 nearly match the national median of $74,755. The $917 median rent remains affordable in absolute terms, though homeowner costs of $1,295 pull the total housing burden higher.
Moderate affordability among Minnesota counties
Benton County's 15.4% rent-to-income ratio sits slightly above Minnesota's 14.5% state average, placing it in the middle range of county affordability. Local incomes support this positioning reasonably well, avoiding the extreme pressures seen in some rural peers.
Competitive rents in central Minnesota
Benton's $917 median rent nearly matches Big Stone County ($718) and Becker County ($899), making it competitively priced within the region. However, homeowner costs of $1,295 exceed most neighbors, suggesting higher property values and ownership premiums.
Ownership carries the heavier burden
Renters here pay $917 monthly while homeowners face $1,295—a $378 gap that reflects the county's median home value of $247,100. Combined housing expenses consume roughly 31% of the $71,480 median household income, with ownership pulling the average upward.
Consider renting before buying
Benton County offers reasonable rental affordability, but prospective homebuyers should plan carefully for the $1,295 monthly owner costs. If you're relocating here and considering purchase, ensure your income comfortably exceeds the median to avoid the ownership premium that strains household budgets.
Affordability Calculator
See how your income compares to housing costs in Benton County
Rent Burden
15.4%
of gross income
Max Housing (28% Rule)
$1,668
per month
Owner Cost Burden
21.7%
of gross income
The median home in Benton County may be a stretch
Median home value is $247,100. Estimated monthly cost: $1,973 vs. your max of $1,668.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.