Cost of Living in Ramsey County, Minnesota

$1,298/mo
Median Monthly Rent
$304,900
Median Home Value
42% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,298/mo
42% above state average
Median Home Value
$304,900
8% above national
Rent-to-Income Ratio
30.0%
% 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 Ramsey County Compares

Median monthly rent comparison

Ramsey County$1,298/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$1,298/mo
Median Gross Rent
$304,900
Median Home Value
$1,536/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Ramsey County, Minnesota

Ramsey County's rental burden hits national ceiling

Ramsey County residents face a rent-to-income ratio of 19.2%—sharply above the national average of 14.5%—making it the most housing-burdened county in this group. Despite the county's highest median household income of $81,004, the median rent of $1,298 consumes nearly one-fifth of earnings.

Minnesota's rental affordability crisis center

Ramsey County's 19.2% rent-to-income ratio vastly exceeds Minnesota's 14.5% state average, revealing acute housing stress in the state's urban core. The median rent of $1,298 towers 42% above the state median of $915.

Rents skyrocket; ownership costs highest

Ramsey's $1,298 monthly rent dwarfs rural peers like Pipestone ($731) and Redwood ($767), nearly doubling costs. Homeowners face $1,536 monthly—again, the highest by far—reflecting median home values of $304,900.

Income barely keeps pace with housing costs

Ramsey County's $81,004 median income is offset by $1,298 rent (19.2% of income) and $1,536 owner costs (22.8% of income). Both ratios exceed recommended affordability thresholds, straining household budgets despite the county's strong income base.

Ramsey demands deep pockets; consider suburbs

Ramsey County's metro amenities come at a steep housing cost—the highest in this entire group. If you're relocating to the Twin Cities, compare Ramsey's tight 19.2% rent ratio against more affordable rural counties to find better value.

Affordability Calculator

See how your income compares to housing costs in Ramsey County

$

Rent Burden

19.2%

of gross income

Max Housing (28% Rule)

$1,890

per month

Owner Cost Burden

22.8%

of gross income

The median home in Ramsey County may be a stretch

Median home value is $304,900. Estimated monthly cost: $2,434 vs. your max of $1,890.

Rent Affordability Guide

Your rent-to-income ratio19.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Ramsey County, Minnesota?
Ramsey County, Minnesota has a median monthly rent of $1,298/mo and a median home value of $304,900. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Ramsey County?
The median gross rent in Ramsey County is $1,298/mo. This is 42% above state average for Minnesota.
Is Ramsey County affordable?
Ramsey County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Ramsey County's rent compare to the state average?
Ramsey County's median rent of $1,298/mo is 42% above state average of $915/mo for Minnesota.
What is the median home value in Ramsey County?
The median home value in Ramsey County, Minnesota is $304,900. This is 8% above 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.