CostBy County

Cost of Living in Itasca County, Minnesota

$988/mo
Median Monthly Rent
$225,200
Median Home Value

At a Glance

Median Monthly Rent
$988/mo
5% above state average
Median Home Value
$225,200
32% below national
Census GRAPI
33.2%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Stretched
Median gross rent is 30–50% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Itasca County Compares

Median monthly rent comparison

Itasca County$988/mo
Minnesota Average$938/mo
National Median$1,413/mo

Detailed Housing Stats

$988/mo
Median Gross Rent
$225,200
Median Home Value
$995/mo
Monthly Owner Cost
33.2%
Census GRAPI

National Ranking

Affordability Rank

Itasca County ranks #2,151 of 3,142 counties for affordability (bottom 32%)

Most AffordableLeast Affordable

Sourced county brief

Itasca County Official GRAPI Higher Than State Unweighted Mean

The official median gross rent as a percentage of household income (GRAPI) in Itasca County was 33.2% for the 2020-2024 period. This figure is 5.9 percentage points above the Minnesota unweighted county mean of 27.3%. The median gross rent in the county was estimated at $988 per month, while the state unweighted county mean rent was $938. For homeowners, the median home value was $225,200, which is $13,136 below the state unweighted county mean of $238,336. Median selected monthly owner costs were $995, compared to the state unweighted county mean of $1,116. The median income for renter households was $35,853. The 33.2% figure represents the canonical rent-to-income metric based on official ACS B25071 data. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Itasca County

Affordability Verdict

ACS B25071 estimates median gross rent at 33.2% of renter household income in Itasca County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $988 per month; median selected monthly owner costs are $995. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $39,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The Minnesota unweighted mean of county median rents is $938 per month. Itasca County's $988 median is 5.3% above that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Itasca County

$

Rent Burden

17.3%

of gross income

Max Housing (28% Rule)

$1,601

per month

Owner Cost Burden

17.4%

of gross income

The median home in Itasca County may be a stretch

Median home value is $225,200. Estimated monthly cost: $1,798 vs. your max of $1,601.

Rent Affordability Guide

Your entered rent as a share of entered income17.3%
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: $68,603Needed: $39,520
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $68,603Needed: $42,643
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $68,603Needed: $52,410

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 Itasca County, Minnesota?
Itasca County, Minnesota has a median monthly rent of $988/mo and a median home value of $225,200. The affordability rating is Stretched, with median gross rent equal to approximately 33.2% of renter household income.
What is the median rent in Itasca County?
The median gross rent in Itasca County is $988/mo. This is 5% above state average for Minnesota.
Is Itasca County affordable?
Itasca County is rated Stretched using the Census median gross-rent-as-a-percentage-of-income measure of 33.2%. Median gross rent is 30–50% of renter household income.
How does Itasca County's rent compare to the state average?
Itasca County's median rent of $988/mo is 5% above state average of $938/mo for Minnesota.
What is the median home value in Itasca County?
The median home value in Itasca County, Minnesota is $225,200. This is 32% below the national median home value of $332,700.

Counties with Similar Housing Costs

Sponsored

Planning a Move?

Researching the cost of living in Itasca County, Minnesota? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes
Sponsored

Compare Mortgage Rates in Itasca County

Whether you're buying in Itasca County, Minnesota, or refinancing, compare rates from top lenders using the terms each lender provides.

See Today's Rates
Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.