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)
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 Murray County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Murray County ranks #1,336 of 3,142 counties for affordability (top 43%)
Sourced county brief
Median Monthly Owner Costs in Murray County Estimated at 837 Dollars
In Murray County, Minnesota, the median selected monthly owner cost for all owner-occupied units was $837, according to the ACS 2020-2024 5-Year Estimates. This figure is $279 below the Minnesota unweighted county mean of $1,116. The county's median home value was estimated at $185,400, while the state unweighted county mean was $238,336. For renter households, the median gross rent was $810 per month, which is $128 lower than the state unweighted mean of $938. The official Gross Rent as a Percentage of Household Income (GRAPI), identified as the official ACS B25071 estimate, was 25.6%. This is 1.7 percentage points below the Minnesota unweighted county mean of 27.3%. Renter-household median income was recorded at $38,257. These statistics offer a snapshot of housing tenure costs without predicting future market changes. 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: Murray County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.6% of renter household income in Murray 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 $810 per month; median selected monthly owner costs are $837. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,400 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. Murray County's $810 median is 13.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Murray County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,727
per month
Owner Cost Burden
13.6%
of gross income
You can likely afford the median home in Murray County
Median home value is $185,400. Estimated monthly cost: $1,480 vs. your max of $1,727.
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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