Cost of Living in Cook County, Minnesota

$886/mo
Median Monthly Rent
$294,000
Median Home Value

At a Glance

Median Monthly Rent
$886/mo
3% below state average
Median Home Value
$294,000
4% above national
Rent-to-Income Ratio
23.0%
% 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 Cook County Compares

Median monthly rent comparison

Cook County$886/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$886/mo
Median Gross Rent
$294,000
Median Home Value
$1,053/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Cook County ranks #464 of 3,144 counties for affordability (top 15%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Cook County, Minnesota

Cook balances rural charm with affordability

Cook County residents spend 14.8% of their $71,643 income on rent—just slightly above the national 14.5% benchmark—despite earning 4% below the national median. This modest premium for rural housing reflects reasonable regional value.

Near Minnesota's affordability center

Cook's 14.8% rent-to-income ratio sits just 0.3 percentage points above Minnesota's 14.5% state average, placing it squarely in the middle of the state's affordability spectrum. The county offers neither standout bargains nor particular strain.

Cook offers moderate rental middle ground

Cook's $886 median rent falls between cheaper Clearwater ($740) and Chippewa ($846) while exceeding Cass ($889) slightly. With home values of $294,000, Cook offers more expensive housing than its rural peers but remains accessible compared to suburban counties.

Balanced housing costs on modest wages

Cook renters pay $886 monthly while homeowners spend $1,053 against a $71,643 income, representing roughly 15-18% for housing. Both rental and ownership pathways remain proportional, though incomes remain the limiting factor.

Cook attracts nature-focused pragmatists

If you value access to Lake Superior, outdoor recreation, and small-town character without sacrificing housing affordability, Cook County delivers practical balance. This is authentic northeast Minnesota living at reasonable cost—ideal for relocators prioritizing quality of life over income growth.

Cost of Living Advisory: Cook County

Affordability Verdict

For renters in Cook County, the market is affordable. Expect to pay around $886/month in gross rent, with 23.0% of renter households considered cost-burdened.

Rent vs. Own

At $886/month rent versus $1,053/month in owner costs, renting is roughly $167/month cheaper — a 16% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,440/year. For owner costs at the 28% rule, the required income is roughly $45,129/year. With a median household income of $71,643, most households can comfortably afford rent here. Notably, 23.0% of renter households in Cook County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Cook County sits 6% less expensive than Goodhue County ($939/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Cook County

$

Rent Burden

14.8%

of gross income

Max Housing (28% Rule)

$1,672

per month

Owner Cost Burden

17.6%

of gross income

The median home in Cook County may be a stretch

Median home value is $294,000. Estimated monthly cost: $2,347 vs. your max of $1,672.

Rent Affordability Guide

Your rent-to-income ratio14.8%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $71,643Needed: $35,440
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $71,643Needed: $45,129
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $71,643Needed: $68,422

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Cook County, Minnesota?
Cook County, Minnesota has a median monthly rent of $886/mo and a median home value of $294,000. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Cook County?
The median gross rent in Cook County is $886/mo. This is 3% below state average for Minnesota.
Is Cook County affordable?
Cook County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Cook County's rent compare to the state average?
Cook County's median rent of $886/mo is 3% below state average of $915/mo for Minnesota.
What is the median home value in Cook County?
The median home value in Cook County, Minnesota is $294,000. This is 4% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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