Cost of Living in Wadena County, Minnesota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Wadena County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Wadena County, Minnesota
Wadena struggles despite low rents
Wadena County's 14.9% rent-to-income ratio matches national averages, but the $56,882 median income—the lowest in this eight-county sample—reveals underlying economic strain. The $706 monthly rent is affordable, yet even modest rents consume a significant share of below-average earnings.
Slightly above Minnesota's average pressure
At 14.9%, Wadena County's ratio edges above Minnesota's 14.5% state average, despite the $706 rent running below the state median of $915. The gap reflects Wadena's lower income base, which amplifies housing burden even when rents are competitive.
Lowest income with modest rents
Wadena County's $706 rent is the second-lowest in the cluster (after Traverse at $617), yet the $56,882 income is the lowest—creating proportional strain. Only Swift County ($62,601) comes close to Wadena's income constraints.
Low income limits affordability gains
Renters spend $706 monthly while homeowners invest $883, with a median home value of $170,500. At 14.9% of a $56,882 income, Wadena residents dedicate a concerning share to rent alone, leaving minimal room for savings or unexpected expenses.
Only for those with external income
Wadena County's low rents won't overcome limited local employment and wages without supplemental income like remote work or pensions. Consider this market only if your income is secure and independent of local job prospects.
Affordability Calculator
See how your income compares to housing costs in Wadena County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,327
per month
Owner Cost Burden
18.6%
of gross income
The median home in Wadena County may be a stretch
Median home value is $170,500. Estimated monthly cost: $1,361 vs. your max of $1,327.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.