Cost of Living in Olmsted 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 Olmsted County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Olmsted County ranks #2,797 of 3,142 counties for affordability (bottom 11%)
Sourced county brief
Median Gross Rent in Olmsted County Reaches 1,370 Dollars
Median gross rent in Olmsted County, Minnesota, was estimated at $1,370 per month during the 2020-2024 period. This amount is $432 higher than the Minnesota unweighted county mean of $938. The official Gross Rent as a Percentage of Household Income (GRAPI), cited in ACS table B25071, is 29.1%. This official percentage is 1.8 percentage points above the Minnesota unweighted county mean of 27.3%. Other owner-related housing costs include a median home value of $331,700, which is above the state unweighted county mean of $238,336. The median selected monthly owner cost for all owner-occupied units was $1,419, compared to a state unweighted county mean of $1,116. The median income for renter-occupied households was $57,054. These metrics provide a snapshot of the county's housing expenses relative to local income. 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: Olmsted County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.1% of renter household income in Olmsted 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 $1,370 per month; median selected monthly owner costs are $1,419. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $54,800 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. Olmsted County's $1,370 median is 46.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Olmsted County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$2,226
per month
Owner Cost Burden
17.8%
of gross income
The median home in Olmsted County may be a stretch
Median home value is $331,700. Estimated monthly cost: $2,648 vs. your max of $2,226.
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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