Cost of Living in Mille Lacs County, Minnesota

$909/mo

Median Monthly Rent

$237,500

Median Home Value

1% below state averageUnaffordable

At a Glance

Median Monthly Rent

$909/mo

1% below state average

Median Home Value

$237,500

16% below national

Rent-to-Income Ratio

28.0%

% 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 Mille Lacs County Compares

Median monthly rent comparison

Mille Lacs County$909/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$909/mo

Median Gross Rent

$237,500

Median Home Value

$1,247/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Mille Lacs County, Minnesota

Mille Lacs County surpasses national average

Mille Lacs County renters spend 15.3% of income on housing, exceeding the national average of 14.5% despite solid median income of $71,455. The higher rent relative to income suggests housing pressures that warrant careful budgeting for prospective residents.

Above state average, challenging county

Mille Lacs County's 15.3% rent-to-income ratio ranks in the upper tier—above Minnesota's state average of 14.5%—placing it among less affordable state counties. At $909 monthly rent, renters pay just below the state median of $915, but the affordability ratio remains tight.

Mille Lacs County faces regional headwinds

At $909 monthly rent, Mille Lacs County is the second-priciest in the region after McLeod County ($906), while the $71,455 median income is lower than McLeod's $78,468. The median home value of $237,500 is the highest in the group, reflecting stronger property demand but reduced affordability.

Housing costs strain household budgets

Renters allocate $909 monthly and homeowners pay $1,247 on a median household income of $71,455, consuming 15.3% and 21.0% of income respectively. Owner costs are notably strained, with homeowners spending more than one-fifth of income on housing—well above comfort levels.

Mille Lacs County demands careful assessment

Prospective residents should closely evaluate their income stability before relocating to Mille Lacs County, as housing costs consume substantial portions of household budgets. Compare this county's tight affordability metrics against neighbors to understand if it matches your financial capacity.

Affordability Calculator

See how your income compares to housing costs in Mille Lacs County

Your Annual Household Income

Rent Burden

15.3%

of gross income

Max Housing (28% Rule)

$1,667

per month

Owner Cost Burden

20.9%

of gross income

The median home in Mille Lacs County may be a stretch

Median home value is $237,500. Estimated monthly cost: $1,896 vs. your max of $1,667.

Rent Affordability Guide

Your rent-to-income ratio15.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mille Lacs County, Minnesota?

Mille Lacs County, Minnesota has a median monthly rent of $909/mo and a median home value of $237,500. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Mille Lacs County?

The median gross rent in Mille Lacs County is $909/mo. This is 1% below state average for Minnesota.

Is Mille Lacs County affordable?

Mille Lacs County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Mille Lacs County's median rent of $909/mo is 1% below state average of $915/mo for Minnesota.

What is the median home value in Mille Lacs County?

The median home value in Mille Lacs County, Minnesota is $237,500. This is 16% below the national median home value of $281,900.