Cost of Living in Norman County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Norman County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Norman County, Minnesota
Norman's rents are genuinely affordable
Norman County's 12.9% rent-to-income ratio beats the national average, and its $752 monthly rent is among the lowest in this dataset, reflecting a truly affordable rural housing market. Though median household income at $69,833 sits modestly below the national $74,755 average, renters here stretch their dollars further than most Americans.
Second-best bargain in Minnesota
Norman County's 12.9% rent-to-income ratio ranks second only to Murray County in this eight-county comparison, well below Minnesota's 14.5% state average. At $752 monthly rent—$163 below the state average—Norman renters enjoy some of the state's most affordable housing markets.
Renter's paradise in a rural tier
Norman's $752 rent stands as the lowest among all eight counties profiled, beating even Murray County's $768, while its 12.9% burden ratio ranks exceptionally low. However, Norman's $135,700 median home value—lowest in the group—suggests buyers here face different tradeoffs than renters.
Renters win, homebuyers face modest costs
Norman County renters enjoy a remarkable 12.9% housing burden at just $752 monthly, while owners spend roughly 14.2% on mortgages for the region's cheapest homes at $135,700. This county offers exceptional value for renters; homebuyers benefit from low absolute costs but limited property appreciation potential.
Perfect for renters seeking affordability
Norman County delivers the lowest rents in this eight-county group at $752 monthly and a stellar 12.9% rent-to-income ratio, ideal for budget-conscious renters. If you're considering homeownership, its $826 monthly payments and $135,700 home values offer cheap entry, though appreciate that property values here are Minnesota's lowest among peer counties.
Affordability Calculator
See how your income compares to housing costs in Norman County
Rent Burden
12.9%
of gross income
Max Housing (28% Rule)
$1,629
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Norman County
Median home value is $135,700. Estimated monthly cost: $1,083 vs. your max of $1,629.
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.