Cost of Living in Nobles 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 Nobles County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Nobles County ranks #1,699 of 3,142 counties for affordability (bottom 46%)
Sourced county brief
Nobles County Median GRAPI Measured at 23.5 Percent
Nobles County, Minnesota, recorded an official median gross rent as a percentage of household income (GRAPI) of 23.5%. This official estimate is 3.8 percentage points lower than the Minnesota unweighted county mean of 27.3%. The median gross rent in the county was $896 per month, which is below the state unweighted county mean of $938. For owner-occupied housing, the median home value was $197,200, compared to the state unweighted county mean of $238,336. Median selected monthly owner costs were $865, while the state unweighted county mean for owners was $1,116. The median income for renter-occupied households was $43,542. All statistics are derived from the American Community Survey (ACS) 2020-2024 5-Year Estimates. This report provides a statistical snapshot using data version acs5-2020-2024 and methodology version cost-brief-v1. 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: Nobles County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.5% of renter household income in Nobles 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 $896 per month; median selected monthly owner costs are $865. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,840 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. Nobles County's $896 median is 4.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Nobles County
Rent Burden
16.3%
of gross income
Max Housing (28% Rule)
$1,542
per month
Owner Cost Burden
15.7%
of gross income
The median home in Nobles County may be a stretch
Median home value is $197,200. Estimated monthly cost: $1,574 vs. your max of $1,542.
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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