Cost of Living in Clay County, Minnesota

$1,000/mo
Median Monthly Rent
$256,000
Median Home Value
9% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,000/mo
9% above state average
Median Home Value
$256,000
9% below national
Rent-to-Income Ratio
31.0%
% 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 Clay County Compares

Median monthly rent comparison

Clay County$1,000/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$1,000/mo
Median Gross Rent
$256,000
Median Home Value
$1,376/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clay County, Minnesota

Clay's rents edge above comfort zone

Clay County residents spend 15.4% of their $77,664 income on rent—exceeding the national 14.5% benchmark by nearly a percentage point. While not severe, this ratio suggests tighter housing budgets than national norms.

Above Minnesota's affordability average

Clay's 15.4% rent-to-income ratio ranks above Minnesota's 14.5% state average, placing it in the upper tier of housing cost burden. The county's modest income relative to regional peers contributes to this strain.

Clay costs more than most peers

Clay's $1,000 median rent exceeds Carlton ($967), Chippewa ($846), Clearwater ($740), and Cook ($886), positioning it among the pricier counties for renters. Combined with lower incomes than Carver or Chisago, Clay renters face steeper affordability challenges.

Housing claims notable income share

With $1,000 rent and $1,376 monthly owner costs on a $77,664 income, Clay residents dedicate roughly 15-21% to housing. The ratio suggests less discretionary income than regional counterparts earn.

Clay suits careful middle-income planners

Clay County works best for relocators earning $75,000–$90,000 who prioritize job access to the Fargo–Moorhead corridor over maximum affordability. Budget conscious households might find better margins in neighboring counties.

Affordability Calculator

See how your income compares to housing costs in Clay County

$

Rent Burden

15.5%

of gross income

Max Housing (28% Rule)

$1,812

per month

Owner Cost Burden

21.3%

of gross income

The median home in Clay County may be a stretch

Median home value is $256,000. Estimated monthly cost: $2,044 vs. your max of $1,812.

Rent Affordability Guide

Your rent-to-income ratio15.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clay County, Minnesota?
Clay County, Minnesota has a median monthly rent of $1,000/mo and a median home value of $256,000. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Clay County?
The median gross rent in Clay County is $1,000/mo. This is 9% above state average for Minnesota.
Is Clay County affordable?
Clay County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clay County's rent compare to the state average?
Clay County's median rent of $1,000/mo is 9% above state average of $915/mo for Minnesota.
What is the median home value in Clay County?
The median home value in Clay County, Minnesota is $256,000. This is 9% 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.