Cost of Living in Scott County, Minnesota

$1,485/mo
Median Monthly Rent
$393,500
Median Home Value
62% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,485/mo
62% above state average
Median Home Value
$393,500
40% above 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 Scott County Compares

Median monthly rent comparison

Scott County$1,485/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$1,485/mo
Median Gross Rent
$393,500
Median Home Value
$1,922/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Scott County, Minnesota

Scott County: Prosperity with Price Tag

Scott County's 14.8% rent-to-income ratio modestly exceeds Minnesota's 14.5% average, but its wealthy $120,247 median household income—61% higher than the $74,755 national median—absorbs housing costs gracefully. At $1,485 per month, median rent is Minnesota's highest, yet remains manageable for households earning substantially above national norms.

Minnesota's Wealthiest County Cluster

Scott County ranks among Minnesota's most affluent counties, with a median household income that dwarfs the state average and enables premium housing costs to feel sustainable. Its 14.8% rent-to-income ratio, while slightly above state average, reflects a prosperous exurban economy where wages outpace housing inflation.

Scott County's Affluent Positioning

Scott County's $1,485 rent and $393,500 median home value significantly exceed all regional peers, including Sherburne County ($1,151 rent, $332,700 homes) and Rice County ($1,046 rent, $298,500 homes). Only the wealthiest households—those earning Scott's $120,247 median—can comfortably shoulder these costs in this eight-county comparison.

Wealth Makes Expensive Housing Work

Renters pay $1,485 monthly while homeowners carry $1,922, consuming 14.8% and 19.2% of the $120,247 median household income respectively. Scott County households spend more on housing in absolute dollars than any peer, but their incomes are proportionally so much higher that affordability ratios remain acceptable.

Scott County for High-Income Professionals

Earning $120,000 or more? Scott County offers the Twin Cities' most desirable exurban lifestyle with high-quality schools and booming employers. Compare its 14.8% rent-to-income ratio to rural counties where wages stagnate, and you'll see that prosperity here doesn't sacrifice affordability for those at the county's income level.

Affordability Calculator

See how your income compares to housing costs in Scott County

$

Rent Burden

14.8%

of gross income

Max Housing (28% Rule)

$2,806

per month

Owner Cost Burden

19.2%

of gross income

The median home in Scott County may be a stretch

Median home value is $393,500. Estimated monthly cost: $3,141 vs. your max of $2,806.

Rent Affordability Guide

Your rent-to-income ratio14.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Scott County, Minnesota?
Scott County, Minnesota has a median monthly rent of $1,485/mo and a median home value of $393,500. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Scott County?
The median gross rent in Scott County is $1,485/mo. This is 62% above state average for Minnesota.
Is Scott County affordable?
Scott 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 Scott County's rent compare to the state average?
Scott County's median rent of $1,485/mo is 62% above state average of $915/mo for Minnesota.
What is the median home value in Scott County?
The median home value in Scott County, Minnesota is $393,500. This is 40% 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.