Cost of Living in Nobles County, Minnesota

$863/mo
Median Monthly Rent
$179,200
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$863/mo
6% below state average
Median Home Value
$179,200
36% below national
Rent-to-Income Ratio
22.0%
% 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 Nobles County Compares

Median monthly rent comparison

Nobles County$863/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$863/mo
Median Gross Rent
$179,200
Median Home Value
$816/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Nobles County, Minnesota

Nobles County's affordability pinch nationwide

At 15.8%, Nobles County's rent-to-income ratio ranks highest in this eight-county dataset and well above the national average, signaling housing stress for renters here. With a median household income of $65,509—the lowest in the group and below the national $74,755 median—residents face the sharpest squeeze between earnings and housing costs.

Minnesota's affordability challenge county

Nobles County's 15.8% rent-to-income ratio significantly exceeds Minnesota's 14.5% average, the worst performance among the eight profiled counties. At $863 monthly rent against the state average of $915, renters struggle less with absolute cost than with how much of their below-average paychecks it consumes.

Most stretched county in the region

Nobles County's 15.8% rent burden and $65,509 median income stand apart from neighbors like Murray County ($12.4% burden, $74,475 income) and Mower County ($14.2% burden, $71,495 income). This county faces real affordability pressure compared to its peers, despite moderate absolute rent costs.

Renters hit hardest by income-housing gap

Nobles County renters spend 15.8% of income on $863 monthly rent, the highest burden ratio in this dataset, while owners allocate roughly 15.0% to mortgages on homes worth $179,200. The data suggests homeownership offers slightly better proportional affordability, though both housing types strain budgets below state norms.

Weigh job prospects carefully here

Nobles County's $65,509 median income and 15.8% rent burden signal economic headwinds; relocating here requires confident job prospects or supplemental income. Compare with higher-earning neighbors like Nicollet ($80,362 income) or more balanced options like Murray County ($74,475 income, 12.4% burden) to ensure your salary aligns with local housing costs.

Affordability Calculator

See how your income compares to housing costs in Nobles County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,529

per month

Owner Cost Burden

14.9%

of gross income

You can likely afford the median home in Nobles County

Median home value is $179,200. Estimated monthly cost: $1,431 vs. your max of $1,529.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Nobles County, Minnesota?
Nobles County, Minnesota has a median monthly rent of $863/mo and a median home value of $179,200. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Nobles County?
The median gross rent in Nobles County is $863/mo. This is 6% below state average for Minnesota.
Is Nobles County affordable?
Nobles County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Nobles County's rent compare to the state average?
Nobles County's median rent of $863/mo is 6% below state average of $915/mo for Minnesota.
What is the median home value in Nobles County?
The median home value in Nobles County, Minnesota is $179,200. This is 36% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.