Cost of Living in Red Lake County, Minnesota

$628/mo

Median Monthly Rent

$157,200

Median Home Value

31% below state averageUnaffordable

At a Glance

Median Monthly Rent

$628/mo

31% below state average

Median Home Value

$157,200

44% below national

Rent-to-Income Ratio

20.0%

% 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 Red Lake County Compares

Median monthly rent comparison

Red Lake County$628/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$628/mo

Median Gross Rent

$157,200

Median Home Value

$901/mo

Monthly Owner Cost

20.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Red Lake County, Minnesota

Red Lake County sets national affordability bar

Red Lake County's rent-to-income ratio of 9.7% is exceptionally low—nearly 5 percentage points below the national average of 14.5%—making it one of the nation's most affordable rental markets. With median household income of $77,500 and median rent of just $628, housing remains a minor budget item.

Minnesota's rental affordability champion

Red Lake County's 9.7% rent-to-income ratio crushes Minnesota's 14.5% state average by a decisive margin. The $628 median rent is 31% cheaper than the state median of $915.

Unmatched affordability across all metrics

Red Lake's $628 rent is the lowest among all eight counties—$103 cheaper than Pipestone's second-place $731. Similarly, owner costs of $901 beat most peers, rivaling Pipestone for overall housing affordability.

Housing costs shrink to minimal burden

At $77,500 median income, Red Lake renters spend just 9.7% ($628 monthly) on housing, leaving maximum budget flexibility. Homeowners allocate 14.0% ($901), making ownership nearly as accessible as renting—a rare combination.

Red Lake: housing affordability perfected

Red Lake County offers the nation's most favorable rent-to-income ratio at 9.7%—exceptional value for any relocation. If housing costs drive your move, Red Lake's $628 rent and $901 owner costs deliver unmatched affordability in Minnesota.

Affordability Calculator

See how your income compares to housing costs in Red Lake County

Your Annual Household Income

Rent Burden

9.7%

of gross income

Max Housing (28% Rule)

$1,808

per month

Owner Cost Burden

14.0%

of gross income

You can likely afford the median home in Red Lake County

Median home value is $157,200. Estimated monthly cost: $1,255 vs. your max of $1,808.

Rent Affordability Guide

Your rent-to-income ratio9.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Red Lake County, Minnesota?

Red Lake County, Minnesota has a median monthly rent of $628/mo and a median home value of $157,200. The affordability rating is Unaffordable, with rent making up approximately 20.0% of median household income.

What is the median rent in Red Lake County?

The median gross rent in Red Lake County is $628/mo. This is 31% below state average for Minnesota.

Is Red Lake County affordable?

Red Lake County is rated Unaffordable based on rent-to-income ratio of 20.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Red Lake County's rent compare to the state average?

Red Lake County's median rent of $628/mo is 31% below state average of $915/mo for Minnesota.

What is the median home value in Red Lake County?

The median home value in Red Lake County, Minnesota is $157,200. This is 44% below the national median home value of $281,900.