CostBy County

Cost of Living in Morrison County, Minnesota

$788/mo
Median Monthly Rent
$248,500
Median Home Value

At a Glance

Median Monthly Rent
$788/mo
16% below state average
Median Home Value
$248,500
25% below national
Census GRAPI
23.8%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

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 Morrison County Compares

Median monthly rent comparison

Morrison County$788/mo
Minnesota Average$938/mo
National Median$1,413/mo

Detailed Housing Stats

$788/mo
Median Gross Rent
$248,500
Median Home Value
$1,059/mo
Monthly Owner Cost
23.8%
Census GRAPI

National Ranking

Affordability Rank

Morrison County ranks #1,653 of 3,142 counties for affordability (bottom 47%)

Most AffordableLeast Affordable

Sourced county brief

Official GRAPI in Morrison County Reaches 23.8 Percent

In Morrison County, Minnesota, the official Gross Rent as a Percentage of Household Income (GRAPI) was estimated at 23.8% according to the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. This official B25071 figure is 3.5 percentage points lower than the Minnesota unweighted county mean of 27.3%. Median gross rent in the county was reported at $788 per month, which is $150 below the state unweighted county mean of $938. For owner-occupied units, the median home value was $248,500, a figure that is $10,164 above the Minnesota unweighted county mean of $238,336. The median selected monthly owner cost for all owner-occupied units was $1,059, which is below the state unweighted county mean of $1,116. Among renter households, the median income was recorded at $37,700. All housing-cost statistics presented here are snapshots from the 5-year estimate period. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Morrison County

Affordability Verdict

ACS B25071 estimates median gross rent at 23.8% of renter household income in Morrison 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 $788 per month; median selected monthly owner costs are $1,059. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $31,520 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. Morrison County's $788 median is 16.0% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Morrison County

$

Rent Burden

13.6%

of gross income

Max Housing (28% Rule)

$1,620

per month

Owner Cost Burden

18.3%

of gross income

The median home in Morrison County may be a stretch

Median home value is $248,500. Estimated monthly cost: $1,984 vs. your max of $1,620.

Rent Affordability Guide

Your entered rent as a share of entered income13.6%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,446Needed: $31,520
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,446Needed: $45,386
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,446Needed: $57,833

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

What is the cost of living in Morrison County, Minnesota?
Morrison County, Minnesota has a median monthly rent of $788/mo and a median home value of $248,500. The affordability rating is Affordable, with median gross rent equal to approximately 23.8% of renter household income.
What is the median rent in Morrison County?
The median gross rent in Morrison County is $788/mo. This is 16% below state average for Minnesota.
Is Morrison County affordable?
Morrison County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 23.8%. Median gross rent is under 30% of renter household income.
How does Morrison County's rent compare to the state average?
Morrison County's median rent of $788/mo is 16% below state average of $938/mo for Minnesota.
What is the median home value in Morrison County?
The median home value in Morrison County, Minnesota is $248,500. This is 25% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: 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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