Cost of Living in Clearwater County, Minnesota

$740/mo
Median Monthly Rent
$177,100
Median Home Value
19% below state averageUnaffordable

At a Glance

Median Monthly Rent
$740/mo
19% below state average
Median Home Value
$177,100
37% below national
Rent-to-Income Ratio
26.0%
% 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 Clearwater County Compares

Median monthly rent comparison

Clearwater County$740/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$740/mo
Median Gross Rent
$177,100
Median Home Value
$887/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clearwater County, Minnesota

Clearwater offers rural affordability value

Clearwater County residents spend just 13.7% of their $64,934 income on rent, beating the national 14.5% benchmark despite earning 13% below the national median. This rural county punches above its economic weight in housing value.

Among Minnesota's most affordable

Clearwater's 13.7% rent-to-income ratio ranks among the best in Minnesota, sitting below the state average of 14.5%. Combined with the lowest median rent in this group at $740, Clearwater exemplifies rural affordability.

Clearwater undercuts even cheaper counties

Clearwater's $740 median rent is the absolute lowest among these eight counties, and its 13.7% ratio bests even Chisago's premium-priced 13.6%. The trade-off: rural isolation and limited employment diversity compared to regional centers.

Extreme affordability on modest income

Clearwater residents pay just $740 rent and $887 monthly owner costs from a $64,934 income, allocating roughly 13-16% to housing. This leaves substantial room in tight household budgets.

Clearwater for remote workers and retirees

If you work remotely or are retired with a modest but stable income, Clearwater County offers unbeatable housing value with minimal affordability strain. The tradeoff is rural character and distance from major services—ideal for those seeking lower cost of living over urban convenience.

Affordability Calculator

See how your income compares to housing costs in Clearwater County

$

Rent Burden

13.7%

of gross income

Max Housing (28% Rule)

$1,515

per month

Owner Cost Burden

16.4%

of gross income

You can likely afford the median home in Clearwater County

Median home value is $177,100. Estimated monthly cost: $1,414 vs. your max of $1,515.

Rent Affordability Guide

Your rent-to-income ratio13.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clearwater County, Minnesota?
Clearwater County, Minnesota has a median monthly rent of $740/mo and a median home value of $177,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Clearwater County?
The median gross rent in Clearwater County is $740/mo. This is 19% below state average for Minnesota.
Is Clearwater County affordable?
Clearwater County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clearwater County's rent compare to the state average?
Clearwater County's median rent of $740/mo is 19% below state average of $915/mo for Minnesota.
What is the median home value in Clearwater County?
The median home value in Clearwater County, Minnesota is $177,100. This is 37% 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.