Cost of Living in Itasca County, Minnesota

$944/mo
Median Monthly Rent
$212,000
Median Home Value
3% above state averageUnaffordable

At a Glance

Median Monthly Rent
$944/mo
3% above state average
Median Home Value
$212,000
25% below national
Rent-to-Income Ratio
33.0%
% 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 Itasca County Compares

Median monthly rent comparison

Itasca County$944/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$944/mo
Median Gross Rent
$212,000
Median Home Value
$967/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Itasca County, Minnesota

Itasca rents stress tight household finances

Itasca County's rent-to-income ratio of 17.1% significantly exceeds Minnesota's state average of 14.5% and approaches affordability strain, driven by modest incomes of $66,380 relative to rents of $944. The county's lower wages create proportional housing burden despite modest absolute rent.

Minnesota's least affordable by income ratio

Itasca County ranks among Minnesota's least affordable counties when measuring rent against income, with a 17.1% ratio driven by the state's lowest median household income at $66,380. The county faces a structural affordability challenge rooted in limited earning opportunities.

Highest rent burden in its peer group

Itasca's $944 rent runs slightly above state median, but its $66,380 income—the lowest among comparable counties—makes housing proportionally most burdensome. Hubbard and Jackson counties both offer lower rent-to-income ratios through either lower rents or higher incomes.

Housing strains the tightest incomes

Renters spend $944 while homeowners commit $967 monthly, with homes valued at $212,000. Housing claims 17.1% of the county's $66,380 median household income, leaving little room for savings or emergencies in many households.

Affordable housing, limited income opportunities

Itasca County's modest home prices ($212,000) and rents ($944) attract budget-conscious buyers, but the county's lower wages create ongoing affordability pressure. Relocate here only if you have secure, remote income or can tap northern Minnesota job markets; otherwise, consider higher-income counties.

Affordability Calculator

See how your income compares to housing costs in Itasca County

$

Rent Burden

17.1%

of gross income

Max Housing (28% Rule)

$1,549

per month

Owner Cost Burden

17.5%

of gross income

The median home in Itasca County may be a stretch

Median home value is $212,000. Estimated monthly cost: $1,692 vs. your max of $1,549.

Rent Affordability Guide

Your rent-to-income ratio17.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Itasca County, Minnesota?
Itasca County, Minnesota has a median monthly rent of $944/mo and a median home value of $212,000. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Itasca County?
The median gross rent in Itasca County is $944/mo. This is 3% above state average for Minnesota.
Is Itasca County affordable?
Itasca County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Itasca County's rent compare to the state average?
Itasca County's median rent of $944/mo is 3% above state average of $915/mo for Minnesota.
What is the median home value in Itasca County?
The median home value in Itasca County, Minnesota is $212,000. This is 25% 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.