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)
How Lyon County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Lyon County, Minnesota
Lyon County outpaces national affordability
At 12.2% of income spent on rent, Lyon County residents enjoy better housing affordability than the national average of 14.5%. The median household income of $72,761 sits close to the national median of $74,755, making this a solidly accessible market.
Top-tier affordability in Minnesota
Lyon County's 12.2% rent-to-income ratio places it among Minnesota's most affordable counties, beating the state average of 14.5%. At $742 per month, median rent is $173 below the state median, offering genuine savings for renters.
Lyon County leads the southwest region
Lyon County's $742 monthly rent undercuts Lincoln County ($688—a rural outlier) but beats Marshall County ($737) and Martin County ($735) by modest margins. For homebuyers, the median home price of $193,100 is reasonable for the region, balancing affordability with proximity to services.
Balanced costs for renters and owners
Renters allocate $742 monthly while homeowners pay $934, consuming 12.2% and 15.4% of the $72,761 median household income respectively. Both figures sit near or below state averages, leaving healthy income for savings and discretionary spending.
Lyon County beckons rural-minded relocators
With strong affordability metrics and a balanced cost structure, Lyon County offers stability for renters and first-time homebuyers alike. Stack this profile against comparable Minnesota counties to confirm it matches your budget and lifestyle.
Affordability Calculator
See how your income compares to housing costs in Lyon County
Rent Burden
12.2%
of gross income
Max Housing (28% Rule)
$1,698
per month
Owner Cost Burden
15.4%
of gross income
You can likely afford the median home in Lyon County
Median home value is $193,100. Estimated monthly cost: $1,542 vs. your max of $1,698.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.