Cost of Living in Wright County, Minnesota

$1,246/mo
Median Monthly Rent
$332,800
Median Home Value
36% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,246/mo
36% above state average
Median Home Value
$332,800
18% above national
Rent-to-Income Ratio
27.0%
% 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 Wright County Compares

Median monthly rent comparison

Wright County$1,246/mo
Minnesota Average$915/mo
National Median$1,163/mo

Detailed Housing Stats

$1,246/mo
Median Gross Rent
$332,800
Median Home Value
$1,678/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wright County, Minnesota

Wright County balances costs with strong incomes

At 14.0%, Wright's rent-to-income ratio sits just below Minnesota's 14.5% state average despite higher-than-typical costs. Strong median incomes of $106,666—43% above the national average—make Wright's $1,246 monthly rents manageable for most residents.

Affluent county with moderate affordability

Wright County ranks among Minnesota's wealthier areas, reflected in a 14.0% rent-to-income ratio and median incomes well above state averages. The county's higher rents ($1,246 monthly) are offset by proportionally higher earnings, maintaining decent affordability.

Pricey but income-justified suburban option

Wright's $1,246 monthly rent exceeds most rural neighbors but remains significantly below Washington County's $1,637, positioning it as a suburban sweet spot. Home values at $332,800 reflect Twin Cities commuter appeal without the premium pricing of closer-in suburbs.

Affluence sustains reasonable affordability

Renters dedicate 14.0% of income to housing, while homeowners spend roughly 18.8% on monthly owner costs ($1,678). Wright's higher costs align with higher incomes, creating a balanced affordability picture for well-earning households.

Wright works for suburban-seeking professionals

If you're a dual-income household or high earner seeking suburban living with strong schools, Wright County's 14.0% rent ratio and $106K median incomes create genuine value. Compare Wright's costs to Washington County's premium pricing to see how location-conscious spending saves thousands annually.

Affordability Calculator

See how your income compares to housing costs in Wright County

$

Rent Burden

14.0%

of gross income

Max Housing (28% Rule)

$2,489

per month

Owner Cost Burden

18.9%

of gross income

The median home in Wright County may be a stretch

Median home value is $332,800. Estimated monthly cost: $2,657 vs. your max of $2,489.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Wright County, Minnesota?
Wright County, Minnesota has a median monthly rent of $1,246/mo and a median home value of $332,800. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Wright County?
The median gross rent in Wright County is $1,246/mo. This is 36% above state average for Minnesota.
Is Wright County affordable?
Wright County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wright County's rent compare to the state average?
Wright County's median rent of $1,246/mo is 36% above state average of $915/mo for Minnesota.
What is the median home value in Wright County?
The median home value in Wright County, Minnesota is $332,800. This is 18% 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.