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Cost of Living in Cottonwood County, MN

Population 11,458 · Census ACS 2020–2024 5-year estimates

Median rent$817
Median home value$169,300
Median household income$72,941

The median rent in Cottonwood County, MN is $817/month, 36% lower than the Minnesota median and 42% lower than the U.S. median. The median home value is $169,300, 49% lower than the national median. Households earn a median of $72,941 a year, 18% lower than the state median.

Affordability

Rent as a share of median income: 13.4%
Income needed for median rent (30% rule): $32,680/yr
Home price-to-income ratio: 2.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $856/mo

Run your own numbers: mortgage calculator · hourly to salary

Cottonwood County vs. Minnesota vs. U.S.

Cottonwood CountyMinnesotaU.S.
Median rent$817$1,280$1,413
Median home value$169,300$329,300$332,700
Median household income$72,941$89,062$80,734
Homeownership rate74.4%72.2%65.2%
Bachelor's degree or higher24.1%39.4%35.7%
Poverty rate15.0%9.3%12.5%
Unemployment rate2.8%4.1%5.2%
Work from home10.7%17.6%15.1%
Median age40.338.838.9

FAQ

What is the average rent in Cottonwood County, MN?

The median gross rent in Cottonwood County, MN is $817 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $32,680 a year in gross income.

Is Cottonwood County, MN expensive to live in?

Rent there is 42% lower than the U.S. median, and the median home costs about 2.3 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

Callahan County, TXRent $817 · Income $72,436Shelby County, ILRent $814 · Income $72,095Butler County, IARent $812 · Income $73,715Wells County, INRent $813 · Income $71,957Brown County, OHRent $817 · Income $71,270Jo Daviess County, ILRent $825 · Income $73,993

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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