Cost of Living in Lyon County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
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 Lyon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lyon County ranks #1,472 of 3,142 counties for affordability (top 47%)
Sourced county brief
Lyon County Official GRAPI Metric Calculated at 26.4 Percent
The official ACS B25071 median gross rent as a percentage of household income in Lyon County is 26.4%. This figure is 0.9 percentage points below the Minnesota unweighted county mean for official GRAPI, which is 27.3%. The median gross rent for the county was estimated at $781 per month, while the state unweighted county mean is $938. Renter-household median income was found to be $38,438. Among owner-occupied housing units, the median home value was $200,700, and median selected monthly owner costs were $957. These figures compare to the state unweighted county means of $238,336 and $1,116, respectively. All data points are sourced from the 2020-2024 ACS 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lyon County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.4% of renter household income in Lyon County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $781 per month; median selected monthly owner costs are $957. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,240 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. Lyon County's $781 median is 16.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lyon County
Rent Burden
12.4%
of gross income
Max Housing (28% Rule)
$1,757
per month
Owner Cost Burden
15.3%
of gross income
You can likely afford the median home in Lyon County
Median home value is $200,700. Estimated monthly cost: $1,602 vs. your max of $1,757.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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