Cost of Living in Pine County, Minnesota

$873/mo
Median Monthly Rent
$225,600
Median Home Value
5% below state averageUnaffordable

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

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.

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%

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