Cost of Living in Marshall County, Minnesota

$737/mo

Median Monthly Rent

$153,300

Median Home Value

19% below state averageUnaffordable

At a Glance

Median Monthly Rent

$737/mo

19% below state average

Median Home Value

$153,300

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 Marshall County Compares

Median monthly rent comparison

Marshall County$737/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$737/mo

Median Gross Rent

$153,300

Median Home Value

$791/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Marshall County, Minnesota

Marshall County offers solid national value

Marshall County renters spend just 12.3% of income on housing, beating the national average of 14.5% by a meaningful margin. With a median household income of $71,701—close to the national median of $74,755—this county delivers genuine affordability.

Well above Minnesota's affordability curve

Marshall County's 12.3% rent-to-income ratio sits comfortably below Minnesota's state average of 14.5%, ranking it among the state's more affordable counties. The median rent of $737 is $178 below the state median of $915, offering clear savings for renters.

Marshall County competes regionally

At $737 monthly rent, Marshall County sits squarely between Lincoln County ($688) and Lyon County ($742), offering competitive pricing for the region. The median home value of $153,300 aligns with regional peers, making it accessible for homebuyers seeking rural Minnesota.

Lean housing costs leave breathing room

Renters allocate $737 monthly and homeowners pay $791 against a median household income of $71,701, consuming 12.3% and 13.2% of income respectively. Both figures sit well below stress thresholds, freeing up household resources for other priorities.

Marshall County rewards practical relocators

If you're seeking a balanced combination of low housing costs and decent income potential, Marshall County delivers on both fronts. Compare this county's affordability profile to neighboring communities to confirm it fits your relocation goals.

Affordability Calculator

See how your income compares to housing costs in Marshall County

Your Annual Household Income

Rent Burden

12.3%

of gross income

Max Housing (28% Rule)

$1,673

per month

Owner Cost Burden

13.2%

of gross income

You can likely afford the median home in Marshall County

Median home value is $153,300. Estimated monthly cost: $1,224 vs. your max of $1,673.

Rent Affordability Guide

Your rent-to-income ratio12.3%

Recommended max30.0%

Frequently Asked Questions

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

Marshall County, Minnesota has a median monthly rent of $737/mo and a median home value of $153,300. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Marshall County?

The median gross rent in Marshall County is $737/mo. This is 19% below state average for Minnesota.

Is Marshall County affordable?

Marshall 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 Marshall County's rent compare to the state average?

Marshall County's median rent of $737/mo is 19% below state average of $915/mo for Minnesota.

What is the median home value in Marshall County?

The median home value in Marshall County, Minnesota is $153,300. This is 46% below the national median home value of $281,900.