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Cost of Living in Nicollet County, MN

Population 34,411 · Census ACS 2020–2024 5-year estimates

Median rent$970
Median home value$270,300
Median household income$79,756

The median rent in Nicollet County, MN is $970/month, 24% lower than the Minnesota median and 31% lower than the U.S. median. The median home value is $270,300, 19% lower than the national median. Households earn a median of $79,756 a year, 10% lower than the state median.

Affordability

Rent as a share of median income: 14.6%
Income needed for median rent (30% rule): $38,800/yr
Home price-to-income ratio: 3.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,367/mo

Run your own numbers: mortgage calculator · hourly to salary

Nicollet County vs. Minnesota vs. U.S.

Nicollet CountyMinnesotaU.S.
Median rent$970$1,280$1,413
Median home value$270,300$329,300$332,700
Median household income$79,756$89,062$80,734
Homeownership rate72.2%72.2%65.2%
Bachelor's degree or higher36.1%39.4%35.7%
Poverty rate8.0%9.3%12.5%
Unemployment rate2.2%4.1%5.2%
Work from home13.3%17.6%15.1%
Median age38.338.838.9

FAQ

What is the average rent in Nicollet County, MN?

The median gross rent in Nicollet County, MN is $970 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $38,800 a year in gross income.

Is Nicollet County, MN expensive to live in?

Rent there is 31% lower than the U.S. median, and the median home costs about 3.4 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 $79,527Lancaster County, SCRent $959 · Income $78,869Bullitt County, KYRent $987 · Income $80,558Bedford County, VARent $952 · Income $78,937Barry County, MIRent $972 · Income $77,500Washington County, PARent $949 · Income $78,958

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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