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Cost of Living in Lyon County, MN

Population 25,503 · Census ACS 2020–2024 5-year estimates

Median rent$781
Median home value$200,700
Median household income$75,303

The median rent in Lyon County, MN is $781/month, 39% lower than the Minnesota median and 45% lower than the U.S. median. The median home value is $200,700, 40% lower than the national median. Households earn a median of $75,303 a year, 15% lower than the state median.

Affordability

Rent as a share of median income: 12.4%
Income needed for median rent (30% rule): $31,240/yr
Home price-to-income ratio: 2.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,015/mo

Run your own numbers: mortgage calculator · hourly to salary

Lyon County vs. Minnesota vs. U.S.

Lyon CountyMinnesotaU.S.
Median rent$781$1,280$1,413
Median home value$200,700$329,300$332,700
Median household income$75,303$89,062$80,734
Homeownership rate72.5%72.2%65.2%
Bachelor's degree or higher31.1%39.4%35.7%
Poverty rate12.2%9.3%12.5%
Unemployment rate3.2%4.1%5.2%
Work from home12.4%17.6%15.1%
Median age37.438.838.9

FAQ

What is the average rent in Lyon County, MN?

The median gross rent in Lyon County, MN is $781 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $31,240 a year in gross income.

Is Lyon County, MN expensive to live in?

Rent there is 45% lower than the U.S. median, and the median home costs about 2.7 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

Ray County, MORent $782 · Income $74,573Oconto County, WIRent $791 · Income $75,049Osage County, KSRent $785 · Income $74,467Mercer County, ILRent $786 · Income $74,182Gaines County, TXRent $789 · Income $74,132Delaware County, IARent $764 · Income $74,989

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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