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Cost of Living in McLeod County, MN

Population 36,798 · Census ACS 2020–2024 5-year estimates

Median rent$941
Median home value$246,100
Median household income$80,084

The median rent in McLeod County, MN is $941/month, 26% lower than the Minnesota median and 33% lower than the U.S. median. The median home value is $246,100, 26% lower than the national median. Households earn a median of $80,084 a year, 10% lower than the state median.

Affordability

Rent as a share of median income: 14.1%
Income needed for median rent (30% rule): $37,640/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,244/mo

Run your own numbers: mortgage calculator · hourly to salary

McLeod County vs. Minnesota vs. U.S.

McLeod CountyMinnesotaU.S.
Median rent$941$1,280$1,413
Median home value$246,100$329,300$332,700
Median household income$80,084$89,062$80,734
Homeownership rate77.4%72.2%65.2%
Bachelor's degree or higher20.2%39.4%35.7%
Poverty rate8.7%9.3%12.5%
Unemployment rate3.3%4.1%5.2%
Work from home8.8%17.6%15.1%
Median age41.638.838.9

FAQ

What is the average rent in McLeod County, MN?

The median gross rent in McLeod County, MN is $941 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $37,640 a year in gross income.

Is McLeod County, MN expensive to live in?

Rent there is 33% lower than the U.S. median, and the median home costs about 3.1 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

Putnam County, WVRent $952 · Income $79,527Lafayette County, MORent $928 · Income $80,612Washington County, PARent $949 · Income $78,958Bedford County, VARent $952 · Income $78,937Saline County, NERent $914 · Income $79,910Ogle County, ILRent $936 · Income $82,132

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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