Cost of Living in Olmsted County, MN
Population 164,498 · Census ACS 2020–2024 5-year estimates
The median rent in Olmsted County, MN is $1,370/month, 7% higher than the Minnesota median and 3% lower than the U.S. median. The median home value is $331,700, about the same as the national median. Households earn a median of $95,406 a year, 7% higher than the state median.
Affordability
Run your own numbers: mortgage calculator · hourly to salary
Olmsted County vs. Minnesota vs. U.S.
| Olmsted County | Minnesota | U.S. | |
|---|---|---|---|
| Median rent | $1,370 | $1,280 | $1,413 |
| Median home value | $331,700 | $329,300 | $332,700 |
| Median household income | $95,406 | $89,062 | $80,734 |
| Homeownership rate | 70.6% | 72.2% | 65.2% |
| Bachelor's degree or higher | 49.4% | 39.4% | 35.7% |
| Poverty rate | 7.5% | 9.3% | 12.5% |
| Unemployment rate | 3.6% | 4.1% | 5.2% |
| Work from home | 15.4% | 17.6% | 15.1% |
| Median age | 37.8 | 38.8 | 38.9 |
FAQ
What is the average rent in Olmsted County, MN?
The median gross rent in Olmsted County, MN is $1,370 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Olmsted County, MN?
Using the common 30% rule, renting a median-priced home takes about $54,800 a year in gross income.
Is Olmsted County, MN expensive to live in?
Rent there is 3% lower than the U.S. median, and the median home costs about 3.5 times the median household income.
Other counties in Minnesota
Counties with a similar cost of living
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.
Explore more
New tools, top deals and new pages — one short email a week. No spam.