Cost of Living in Martin 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 Martin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Martin County ranks #1,082 of 3,142 counties for affordability (top 34%)
Sourced county brief
Martin County Official GRAPI Estimated at 30.3 Percent
The official ACS B25071 median gross rent as a percentage of household income in Martin County reached 30.3%. This figure is 3.0 percentage points higher than the Minnesota unweighted county mean of 27.3%. The median gross rent in the county was estimated at $761 per month, whereas the state unweighted county mean is $938. Median renter-household income was reported as $36,938. Within the owner-occupied market, the median home value was $163,500, which is $74,836 below the state unweighted county mean of $238,336. Median selected monthly owner costs were $832, compared to the state unweighted county mean of $1,116. All statistics are derived from the ACS 2020-2024 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: Martin County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.3% of renter household income in Martin County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $761 per month; median selected monthly owner costs are $832. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,440 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. Martin County's $761 median is 18.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Martin County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,388
per month
Owner Cost Burden
16.8%
of gross income
You can likely afford the median home in Martin County
Median home value is $163,500. Estimated monthly cost: $1,305 vs. your max of $1,388.
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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