Key Economic Benchmarks
Median Household Income
$84,171$7,014 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Goodhue County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Goodhue County, MN
Official FY2026 HUD Fair Market Rents for Goodhue County, MN. 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 | $755 | $9,060 | $30,200 | 10.8% |
| 1-Bedroom Apartment | $901 | $10,812 | $36,040 | 12.8% |
| 2-Bedroom ApartmentBenchmark | $1,095 | $13,140 | $43,800 | 15.6% |
| 3-Bedroom Home | $1,523 | $18,276 | $60,920 | 21.7% |
| 4-Bedroom Home | $1,837 | $22,044 | $73,480 | 26.2% |
50/30/20 Living Budget in Goodhue County, MN
Based on the local median household income of $84,171/year ($7,014/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 Goodhue County, MN
What is the median household income in Goodhue County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Goodhue County, MN is $84,171 per year (approximately $7,014 per month).
What is the average rent in Goodhue County, MN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Goodhue County, MN are $755 for a studio, $901 for 1 bedroom, $1,095 for 2 bedrooms, $1,523 for 3 bedrooms, and $1,837 for 4 bedrooms.
How does the cost of living in Goodhue County, MN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Goodhue County, MN is 98.6 (1.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Goodhue County, MN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,095/month) in Goodhue County, MN requires a minimum gross household income of $43,800 per year ($3,650 per month).
What is a balanced 50/30/20 monthly budget in Goodhue County, MN?
For a typical household earning the median income of $84,171/year ($7,014/month) in Goodhue County, MN, a balanced 50/30/20 budget allocates $3,507/month to essential needs (rent, utilities, groceries), $2,104/month to discretionary spending, and $1,403/month to savings and debt repayment.
What are typical electricity and utility costs in Goodhue 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.