Cost of Living in Redwood County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Redwood County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Redwood County, Minnesota
Redwood County beats national affordability norm
Redwood County's rent-to-income ratio of 13.7% falls below the national average of 14.5%, delivering above-average housing affordability. With a median household income of $67,024 and median rent of $767, renters keep costs lean despite the county's modest income base.
Better than Minnesota's rental affordability average
Redwood County's 13.7% rent-to-income ratio undercuts Minnesota's 14.5% state average, ranking among the state's most affordable markets. The median rent of $767 trails the state median of $915 by $148.
Second-cheapest rents; lowest owner costs
Redwood's $767 rent trails only Pipestone's $731, offering exceptional value for renters. Owner costs of $784 monthly match Pipestone's and beat all peers, making Redwood attractive for both renters and homebuyers.
Housing leaves maximum budget flexibility
On a $67,024 median income, Redwood renters allocate 13.7% ($767) to housing, among the lowest ratios statewide. Homeowners spend 14.0% ($784), making both renting and owning exceptionally affordable relative to income.
Redwood delivers rural affordability excellence
Redwood County combines rural affordability with balanced income, offering strong value for relocating families. At $767 rent and $784 owner costs, Redwood rivals Red Lake and Pipestone for the state's best housing affordability.
Affordability Calculator
See how your income compares to housing costs in Redwood County
Rent Burden
13.7%
of gross income
Max Housing (28% Rule)
$1,564
per month
Owner Cost Burden
14.0%
of gross income
You can likely afford the median home in Redwood County
Median home value is $150,400. Estimated monthly cost: $1,201 vs. your max of $1,564.
Rent Affordability Guide
Frequently Asked Questions
What is the cost of living in Redwood County, Minnesota?
What is the median rent in Redwood County?
Is Redwood County affordable?
How does Redwood County's rent compare to the state average?
What is the median home value in Redwood County?
Planning a Move?
Researching the cost of living in Redwood County, Minnesota? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCounties with Similar Housing Costs
Compare Mortgage Rates in Redwood County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.