Cost of Living in Wright County, Minnesota

$1,246/mo
Median Monthly Rent
$332,800
Median Home Value

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

National Ranking

Affordability Rank

Wright County ranks #913 of 3,144 counties for affordability (top 29%)

Most AffordableLeast Affordable

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.

Cost of Living Advisory: Wright County

Affordability Verdict

Wright County offers affordable rental housing at a median of $1,246/month — about 14.0% of the typical household income here.

Rent vs. Own

Renters in Wright County pay $1,246/month on average, compared to $1,678/month for homeowners. This market favors renters by about 26%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $49,840/year. For owner costs at the 28% rule, the required income is roughly $71,914/year. With a median household income of $106,666, most households can comfortably afford rent here. Notably, 27.0% of renter households in Wright County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Ramsey County where rent averages $1,298/month, Wright County is approximately 4% less expensive.

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%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $106,666Needed: $49,840
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $106,666Needed: $71,914
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $106,666Needed: $77,452

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

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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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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