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Cost of Living in Benton County, MN

Population 41,593 · Census ACS 2020–2024 5-year estimates

Median rent$982
Median home value$271,000
Median household income$74,410

The median rent in Benton County, MN is $982/month, 23% lower than the Minnesota median and 31% lower than the U.S. median. The median home value is $271,000, 19% lower than the national median. Households earn a median of $74,410 a year, 16% lower than the state median.

Affordability

Rent as a share of median income: 15.8%
Income needed for median rent (30% rule): $39,280/yr
Home price-to-income ratio: 3.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,370/mo

Run your own numbers: mortgage calculator · hourly to salary

Benton County vs. Minnesota vs. U.S.

Benton CountyMinnesotaU.S.
Median rent$982$1,280$1,413
Median home value$271,000$329,300$332,700
Median household income$74,410$89,062$80,734
Homeownership rate66.7%72.2%65.2%
Bachelor's degree or higher26.2%39.4%35.7%
Poverty rate9.9%9.3%12.5%
Unemployment rate3.9%4.1%5.2%
Work from home9.5%17.6%15.1%
Median age36.238.838.9

FAQ

What is the average rent in Benton County, MN?

The median gross rent in Benton County, MN is $982 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $39,280 a year in gross income.

Is Benton County, MN expensive to live in?

Rent there is 31% lower than the U.S. median, and the median home costs about 3.6 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

Dunn County, WIRent $985 · Income $74,824Woodbury County, IARent $981 · Income $73,658Wood County, OHRent $972 · Income $74,216Sangamon County, ILRent $983 · Income $75,357Catoosa County, GARent $993 · Income $74,639Gilmer County, GARent $998 · Income $74,499

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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