Cost of Living in Murray County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Murray County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Murray County, Minnesota
Murray punches above its weight nationwide
Murray County boasts the lowest rent-to-income ratio in this eight-county dataset at just 12.4%, meaning renters here keep more income in their pockets than typical Americans or Minnesotans. With a median household income of $74,475—nearly matching the national $74,755 median—this county delivers the rare combination of fair pay and genuinely affordable housing.
Minnesota's affordability champion here
At 12.4%, Murray County's rent-to-income ratio is the best-performing among all eight counties profiled, significantly outpacing Minnesota's 14.5% state average. Renters here spend roughly $768 monthly—$147 below the state average—while earning household incomes that align with the state median.
Clear affordability leader in the region
Murray County's $768 rent and 12.4% burden ratio beat all neighboring counties in this analysis, from Morrison's $782 to Nobles' higher $863 monthly cost. Its $74,475 median household income, combined with rock-bottom rents, makes it the region's most balanced housing market.
Both renters and owners get deals
Murray County renters allocate just 12.4% of income to housing at $768 monthly, while owners spend roughly 13.4% on mortgages for homes valued at $179,400. This county stands alone in offering genuine affordability for both housing types, a rarity in modern Minnesota.
Minnesota's best housing bargain awaits
If affordability is your priority, Murray County delivers: $768 rents, $179,400 home values, and a 12.4% rent burden—the lowest in this eight-county sample. Weigh it against pricier neighbors like Nicollet ($931 rent, $258,500 homes) or Olmsted ($1,283 rent, $304,500 homes) to see the real difference location makes.
Affordability Calculator
See how your income compares to housing costs in Murray County
Rent Burden
12.4%
of gross income
Max Housing (28% Rule)
$1,738
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Murray County
Median home value is $179,400. Estimated monthly cost: $1,432 vs. your max of $1,738.
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.