Cost of Living in Olmsted County, MN

What does it cost to live in Olmsted County? Income, housing, and affordability breakdown.

Median Income

$90,420

Median Rent

$1,193/mo

Median Home

$285,600

Affordability

419

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,444
Property Tax$259
Insurance$95

Total Monthly$1,798
% of Income23.9%

Renting

Median Rent$1,193
Renter's Insurance$25

Total Monthly$1,218
% of Income15.8%

Living in Olmsted County, Minnesota

Olmsted County has a median household income of $90,420 with housing costs that represent 23.9% of income for owners and 15.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 419 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.