Key Economic Benchmarks
Median Household Income
$73,074$6,090 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Mower County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Mower County, MN
Official FY2026 HUD Fair Market Rents for Mower 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 | $723 | $8,676 | $28,920 | 11.9% |
| 1-Bedroom Apartment | $799 | $9,588 | $31,960 | 13.1% |
| 2-Bedroom ApartmentBenchmark | $1,049 | $12,588 | $41,960 | 17.2% |
| 3-Bedroom Home | $1,350 | $16,200 | $54,000 | 22.2% |
| 4-Bedroom Home | $1,461 | $17,532 | $58,440 | 24% |
50/30/20 Living Budget in Mower County, MN
Based on the local median household income of $73,074/year ($6,090/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 Mower County, MN
What is the median household income in Mower County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Mower County, MN is $73,074 per year (approximately $6,090 per month).
What is the average rent in Mower County, MN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Mower County, MN are $723 for a studio, $799 for 1 bedroom, $1,049 for 2 bedrooms, $1,350 for 3 bedrooms, and $1,461 for 4 bedrooms.
How does the cost of living in Mower County, MN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Mower 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 Mower County, MN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,049/month) in Mower County, MN requires a minimum gross household income of $41,960 per year ($3,497 per month).
What is a balanced 50/30/20 monthly budget in Mower County, MN?
For a typical household earning the median income of $73,074/year ($6,090/month) in Mower County, MN, a balanced 50/30/20 budget allocates $3,045/month to essential needs (rent, utilities, groceries), $1,827/month to discretionary spending, and $1,218/month to savings and debt repayment.
What are typical electricity and utility costs in Mower 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.