Cost of Living in Watonwan County, Minnesota

$807/mo

Median Monthly Rent

$151,600

Median Home Value

12% below state averageUnaffordable

At a Glance

Median Monthly Rent

$807/mo

12% below state average

Median Home Value

$151,600

46% below national

Rent-to-Income Ratio

25.0%

% 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 Watonwan County Compares

Median monthly rent comparison

Watonwan County$807/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$807/mo

Median Gross Rent

$151,600

Median Home Value

$888/mo

Monthly Owner Cost

25.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Watonwan County, Minnesota

Watonwan offers genuine affordability

At 13.7%, Watonwan's rent-to-income ratio undercuts Minnesota's 14.5% state average and remains well below the national benchmark. Renters spend $807 monthly while earning $70,593 in median household income—providing comfortable housing cost burden statewide.

Solid affordability ranking among Minnesota counties

Watonwan ranks among Minnesota's more affordable housing markets with a 13.7% rent-to-income ratio and monthly rents of $807. The county's rental costs run $108 below the state average, making it genuinely accessible for working families.

Moderate pricing in a rural region

Watonwan's $807 rent sits between Wilkin County's bargain $561 and Waseca's $819, offering middle-ground pricing in Minnesota's southern corridor. Home values ($151,600) are among the region's most affordable, competing favorably with Yellow Medicine and rural peers.

Balanced housing costs across all income levels

Renters dedicate 13.7% of income to rent, while homeowners spend roughly 15.1% on monthly owner costs ($888). This equilibrium demonstrates Watonwan's genuine affordability across both rental and ownership pathways.

Watonwan works for budget-conscious families

Relocating to Watonwan delivers one of Minnesota's most affordable housing markets: 13.7% rent ratios and median homes under $152,000. If cost of living is your priority, Watonwan's sub-$810 rents and low home values beat 80% of Minnesota counties.

Affordability Calculator

See how your income compares to housing costs in Watonwan County

Your Annual Household Income

Rent Burden

13.7%

of gross income

Max Housing (28% Rule)

$1,647

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Watonwan County

Median home value is $151,600. Estimated monthly cost: $1,210 vs. your max of $1,647.

Rent Affordability Guide

Your rent-to-income ratio13.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Watonwan County, Minnesota?

Watonwan County, Minnesota has a median monthly rent of $807/mo and a median home value of $151,600. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.

What is the median rent in Watonwan County?

The median gross rent in Watonwan County is $807/mo. This is 12% below state average for Minnesota.

Is Watonwan County affordable?

Watonwan County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Watonwan County's median rent of $807/mo is 12% below state average of $915/mo for Minnesota.

What is the median home value in Watonwan County?

The median home value in Watonwan County, Minnesota is $151,600. This is 46% below the national median home value of $281,900.