Cost of Living in Wilkin County, Minnesota

$561/mo
Median Monthly Rent
$172,300
Median Home Value
39% below state averageUnaffordable

At a Glance

Median Monthly Rent
$561/mo
39% below state average
Median Home Value
$172,300
39% 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 Wilkin County Compares

Median monthly rent comparison

Wilkin County$561/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$561/mo
Median Gross Rent
$172,300
Median Home Value
$907/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wilkin County, Minnesota

Wilkin County sets the affordability bar

At just 9.7%, Wilkin's rent-to-income ratio is the lowest among these seven Minnesota counties and significantly undercuts the state average of 14.5%. Renters here spend only $561 monthly—a remarkable 39% below the state average rent of $915.

Minnesota's most affordable rental market

Wilkin County ranks among Minnesota's very most affordable counties with a 9.7% rent-to-income ratio and just $561 in monthly rent. This exceptional affordability reflects Wilkin's rural character and strong local wage stability.

Unmatched affordability in the region

Wilkin's $561 monthly rent is the lowest among all comparable counties—40% cheaper than Watonwan ($807) and 75% less than Washington County ($1,637). Home values at $172,300 also undercut most regional peers, making Wilkin a true affordability outlier.

Minimal housing cost burden for all

Renters allocate just 9.7% of income to rent, while homeowners spend roughly 15.6% on monthly owner costs ($907). Wilkin demonstrates that affordable housing is achievable even in rural Minnesota through genuine wage-to-cost alignment.

Wilkin is Minnesota's affordability champion

If maximum affordability is your goal, Wilkin County delivers: rents at just $561 monthly and a 9.7% rent-to-income ratio unmatched in the state. Trade metro amenities for genuine financial breathing room and compare Wilkin's costs to any Minnesota alternative.

Affordability Calculator

See how your income compares to housing costs in Wilkin County

$

Rent Burden

9.7%

of gross income

Max Housing (28% Rule)

$1,625

per month

Owner Cost Burden

15.6%

of gross income

You can likely afford the median home in Wilkin County

Median home value is $172,300. Estimated monthly cost: $1,376 vs. your max of $1,625.

Rent Affordability Guide

Your rent-to-income ratio9.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wilkin County, Minnesota?
Wilkin County, Minnesota has a median monthly rent of $561/mo and a median home value of $172,300. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Wilkin County?
The median gross rent in Wilkin County is $561/mo. This is 39% below state average for Minnesota.
Is Wilkin County affordable?
Wilkin 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 Wilkin County's rent compare to the state average?
Wilkin County's median rent of $561/mo is 39% below state average of $915/mo for Minnesota.
What is the median home value in Wilkin County?
The median home value in Wilkin County, Minnesota is $172,300. This is 39% below 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.