Key Economic Benchmarks
Median Household Income
$95,739$7,978 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Dodge County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Dodge County, MN
Official FY2026 HUD Fair Market Rents for Rochester, MN HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,112 | $13,344 | $44,480 | 13.9% |
| 1-Bedroom Apartment | $1,189 | $14,268 | $47,560 | 14.9% |
| 2-Bedroom ApartmentBenchmark | $1,407 | $16,884 | $56,280 | 17.6% |
| 3-Bedroom Home | $1,957 | $23,484 | $78,280 | 24.5% |
| 4-Bedroom Home | $2,360 | $28,320 | $94,400 | 29.6% |
50/30/20 Living Budget in Dodge County, MN
Based on the local median household income of $95,739/year ($7,978/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Minnesota
Explore net income after federal income tax, FICA, and Minnesota state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Minnesota with official federal datasets:
Frequently Asked Questions About Living in Dodge County, MN
What is the median household income in Dodge County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Dodge County, MN is $95,739 per year (approximately $7,978 per month).
What is the average rent in Dodge County, MN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Dodge County, MN are $1,112 for a studio, $1,189 for 1 bedroom, $1,407 for 2 bedrooms, $1,957 for 3 bedrooms, and $2,360 for 4 bedrooms.
How does the cost of living in Dodge County, MN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Dodge County, MN is 90.8 (9.2% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Dodge County, MN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,407/month) in Dodge County, MN requires a minimum gross household income of $56,280 per year ($4,690 per month).
What is a balanced 50/30/20 monthly budget in Dodge County, MN?
For a typical household earning the median income of $95,739/year ($7,978/month) in Dodge County, MN, a balanced 50/30/20 budget allocates $3,989/month to essential needs (rent, utilities, groceries), $2,393/month to discretionary spending, and $1,596/month to savings and debt repayment.
What are typical electricity and utility costs in Dodge County, MN?
Residential electricity rates in Minnesota average 17.5¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $158 per month.