Cost of Living in Koochiching County, Minnesota

$774/mo
Median Monthly Rent
$143,700
Median Home Value

At a Glance

Median Monthly Rent
$774/mo
15% below state average
Median Home Value
$143,700
49% below 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 Koochiching County Compares

Median monthly rent comparison

Koochiching County$774/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$774/mo
Median Gross Rent
$143,700
Median Home Value
$753/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Koochiching County ranks #601 of 3,144 counties for affordability (top 19%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Koochiching County, Minnesota

Koochiching combines low costs with lower wages

Koochiching County residents spend 13.4% of their $69,115 median household income on rent, a respectable figure that sits just below the national comfort zone. At $774 per month, median rent is affordable, though local incomes trail the national average by about $5,600, reflecting the county's rural character.

Below state average on housing burden

Koochiching's 13.4% rent-to-income ratio sits just below Minnesota's 14.5% state average, and at $774, median rent undercuts the state average of $915 by $141. The county offers solid rental affordability relative to the broader Minnesota market.

Competitive rents in a rural cluster

Koochiching renters pay $774 monthly, slightly above Kittson County's $728 but well below Kanabec's $1,003 and comparable to Lake of the Woods ($867). The county sits in the middle tier of affordability among its rural neighbors, balancing modestly low costs with limited economic opportunity.

Affordable rent and modest home values

Renters in Koochiching spend 13.4% of their $69,115 income on housing, leaving decent room in household budgets compared to state averages. Homeowners pay $753 monthly for properties valued at $143,700, the second-lowest median home value in the region and a genuine entry point for aspiring owners.

Budget-friendly but economically modest

Koochiching offers respectable rental and ownership affordability, particularly for those seeking escape from costlier metros or suburban sprawl. However, the lower median income reflects limited job diversity; prospective movers should verify remote work viability or local employment fit before relocating.

Cost of Living Advisory: Koochiching County

Affordability Verdict

For renters in Koochiching County, the market is affordable. Expect to pay around $774/month in gross rent, with 23.0% of renter households considered cost-burdened.

Rent vs. Own

At $774/month rent versus $753/month in owner costs, owning is roughly $21/month cheaper — a 3% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,960/year. For owner costs at the 28% rule, the required income is roughly $32,271/year. With a median household income of $69,115, most households can comfortably afford rent here. Notably, 23.0% of renter households in Koochiching County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Minnesota, Koochiching County is more affordable than Big Stone County by roughly 8% ($774/mo vs $718/mo).

Affordability Calculator

See how your income compares to housing costs in Koochiching County

$

Rent Burden

13.4%

of gross income

Max Housing (28% Rule)

$1,613

per month

Owner Cost Burden

13.1%

of gross income

You can likely afford the median home in Koochiching County

Median home value is $143,700. Estimated monthly cost: $1,147 vs. your max of $1,613.

Rent Affordability Guide

Your rent-to-income ratio13.4%
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: $69,115Needed: $30,960
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,115Needed: $32,271
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,115Needed: $33,443

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 Koochiching County, Minnesota?
Koochiching County, Minnesota has a median monthly rent of $774/mo and a median home value of $143,700. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Koochiching County?
The median gross rent in Koochiching County is $774/mo. This is 15% below state average for Minnesota.
Is Koochiching County affordable?
Koochiching 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 Koochiching County's rent compare to the state average?
Koochiching County's median rent of $774/mo is 15% below state average of $915/mo for Minnesota.
What is the median home value in Koochiching County?
The median home value in Koochiching County, Minnesota is $143,700. This is 49% below 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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