Cost of Living in Pine County, Minnesota

$873/mo
Median Monthly Rent
$225,600
Median Home Value

At a Glance

Median Monthly Rent
$873/mo
5% below state average
Median Home Value
$225,600
20% below national
Rent-to-Income Ratio
29.0%
% 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 Pine County Compares

Median monthly rent comparison

Pine County$873/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$873/mo
Median Gross Rent
$225,600
Median Home Value
$1,051/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Pine County ranks #1,908 of 3,144 counties for affordability (bottom 39%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Pine County, Minnesota

Pine County renters just above national baseline

Pine County's rent-to-income ratio of 15.0% edges slightly above the national average of 14.5%, though the county's median household income of $69,666 falls $5,089 short of the U.S. median. At $873 monthly, rent remains affordable despite modest incomes.

Just above Minnesota's rental affordability average

Pine County's 15.0% rent-to-income ratio exceeds Minnesota's 14.5% state average by a hair. The median rent of $873 undercuts the statewide median of $915, making it slightly more affordable than the typical Minnesota county.

Affordable rents; higher homeownership costs

Pine County's $873 rent is the lowest among regional peers like Pennington ($900) and Polk ($843), though just shy of Pipestone's bargain $731. Homebuyers face $1,051 monthly costs—higher than Pipestone or Redwood but lower than Pennington.

Renters get the better deal than owners

At $69,666 median income, Pine County renters dedicate 15% to the $873 monthly rent, while homeowners stretch to 18% paying $1,051. The median home value of $225,600 makes ownership a heavier lift than renting for most households.

Pine's rental market rewards budget-conscious families

If affordable rents matter most, Pine County's $873 median is among Minnesota's lowest. But compare ownership costs carefully—Pine homeowners pay more than renters relative to income, unlike cheaper counties like Pipestone or Redwood.

Cost of Living Advisory: Pine County

Affordability Verdict

For renters in Pine County, the market is affordable. Expect to pay around $873/month in gross rent, with 29.0% of renter households considered cost-burdened.

Rent vs. Own

The median rent in Pine County is $873/month, while owner costs run $1,051/month. Renting saves approximately $178/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,920/year. For owner costs at the 28% rule, the required income is roughly $45,043/year. With a median household income of $69,666, most households can comfortably afford rent here. Notably, 29.0% of renter households in Pine County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Waseca County where rent averages $819/month, Pine County is approximately 7% more expensive.

Affordability Calculator

See how your income compares to housing costs in Pine County

$

Rent Burden

15.0%

of gross income

Max Housing (28% Rule)

$1,626

per month

Owner Cost Burden

18.1%

of gross income

The median home in Pine County may be a stretch

Median home value is $225,600. Estimated monthly cost: $1,801 vs. your max of $1,626.

Rent Affordability Guide

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

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,666Needed: $34,920
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,666Needed: $45,043
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $69,666Needed: $52,503

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

What is the cost of living in Pine County, Minnesota?
Pine County, Minnesota has a median monthly rent of $873/mo and a median home value of $225,600. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Pine County?
The median gross rent in Pine County is $873/mo. This is 5% below state average for Minnesota.
Is Pine County affordable?
Pine County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Pine County's rent compare to the state average?
Pine County's median rent of $873/mo is 5% below state average of $915/mo for Minnesota.
What is the median home value in Pine County?
The median home value in Pine County, Minnesota is $225,600. This is 20% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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