Cost of Living in Lincoln County, Minnesota

$688/mo

Median Monthly Rent

$152,200

Median Home Value

25% below state averageUnaffordable

At a Glance

Median Monthly Rent

$688/mo

25% below state average

Median Home Value

$152,200

46% below national

Rent-to-Income Ratio

24.0%

% 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 Lincoln County Compares

Median monthly rent comparison

Lincoln County$688/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$688/mo

Median Gross Rent

$152,200

Median Home Value

$777/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Lincoln County, Minnesota

Lincoln County beats the national average

Renters in Lincoln County spend just 12.2% of their income on housing, significantly better than the 14.5% national benchmark for affordability. With a median household income of $67,715—slightly below the national median of $74,755—residents still manage to keep housing costs lean.

Among Minnesota's most affordable

Lincoln County ranks as one of the most housing-affordable counties in Minnesota, with its 12.2% rent-to-income ratio well below the state average of 14.5%. The median gross rent of $688 is notably lower than Minnesota's state average of $915, offering genuine relief for renters.

Lincoln County's rural advantage

Compared to nearby Lyon County ($742/month rent) and Marshall County ($737/month rent), Lincoln County offers the cheapest rental market in the region at $688. Homebuyers will find similar value, with a median home price of $152,200—among the lowest in southwestern Minnesota.

Housing takes a modest bite

Renters spend $688 monthly while homeowners pay $777, with both well below state norms. On a median household income of $67,715, these costs consume just 12.2% and 13.8% of income respectively, leaving room for other expenses.

Considering Lincoln County? Compare wisely.

If affordable rural housing is your priority, Lincoln County delivers competitive rents and home prices that don't drain your wallet. Compare this profile to neighboring counties and state averages to see how Lincoln stacks up for your specific needs.

Affordability Calculator

See how your income compares to housing costs in Lincoln County

Your Annual Household Income

Rent Burden

12.2%

of gross income

Max Housing (28% Rule)

$1,580

per month

Owner Cost Burden

13.8%

of gross income

You can likely afford the median home in Lincoln County

Median home value is $152,200. Estimated monthly cost: $1,215 vs. your max of $1,580.

Rent Affordability Guide

Your rent-to-income ratio12.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lincoln County, Minnesota?

Lincoln County, Minnesota has a median monthly rent of $688/mo and a median home value of $152,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Lincoln County?

The median gross rent in Lincoln County is $688/mo. This is 25% below state average for Minnesota.

Is Lincoln County affordable?

Lincoln County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Lincoln County's rent compare to the state average?

Lincoln County's median rent of $688/mo is 25% below state average of $915/mo for Minnesota.

What is the median home value in Lincoln County?

The median home value in Lincoln County, Minnesota is $152,200. This is 46% below the national median home value of $281,900.