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Cost of Living in Aitkin County, MN

Population 16,056 · Census ACS 2020–2024 5-year estimates

Median rent$869
Median home value$255,800
Median household income$60,833

The median rent in Aitkin County, MN is $869/month, 32% lower than the Minnesota median and 38% lower than the U.S. median. The median home value is $255,800, 23% lower than the national median. Households earn a median of $60,833 a year, 32% lower than the state median.

Affordability

Rent as a share of median income: 17.1%
Income needed for median rent (30% rule): $34,760/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,293/mo

Run your own numbers: mortgage calculator · hourly to salary

Aitkin County vs. Minnesota vs. U.S.

Aitkin CountyMinnesotaU.S.
Median rent$869$1,280$1,413
Median home value$255,800$329,300$332,700
Median household income$60,833$89,062$80,734
Homeownership rate85.3%72.2%65.2%
Bachelor's degree or higher20.3%39.4%35.7%
Poverty rate13.1%9.3%12.5%
Unemployment rate5.8%4.1%5.2%
Work from home12.7%17.6%15.1%
Median age56.938.838.9

FAQ

What is the average rent in Aitkin County, MN?

The median gross rent in Aitkin County, MN is $869 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Aitkin County, MN?

Using the common 30% rule, renting a median-priced home takes about $34,760 a year in gross income.

Is Aitkin County, MN expensive to live in?

Rent there is 38% lower than the U.S. median, and the median home costs about 4.2 times the median household income.

Other counties in Minnesota

Hennepin County, MNRent $1,487 · Income $97,653Ramsey County, MNRent $1,329 · Income $81,568Dakota County, MNRent $1,548 · Income $106,318Anoka County, MNRent $1,464 · Income $101,869Washington County, MNRent $1,710 · Income $115,345St. Louis County, MNRent $1,013 · Income $70,069

Counties with a similar cost of living

Baker County, ORRent $865 · Income $60,936Reno County, KSRent $863 · Income $60,645Stanly County, NCRent $861 · Income $60,704Humphreys County, TNRent $862 · Income $60,616Greenup County, KYRent $860 · Income $60,751Crawford County, MIRent $862 · Income $60,392

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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