Key Economic Benchmarks
Median Household Income
$60,412$5,034 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Swift County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Swift County, MN
Official FY2026 HUD Fair Market Rents for Swift 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 | $671 | $8,052 | $26,840 | 13.3% |
| 1-Bedroom Apartment | $768 | $9,216 | $30,720 | 15.3% |
| 2-Bedroom ApartmentBenchmark | $973 | $11,676 | $38,920 | 19.3% |
| 3-Bedroom Home | $1,285 | $15,420 | $51,400 | 25.5% |
| 4-Bedroom Home | $1,314 | $15,768 | $52,560 | 26.1% |
50/30/20 Living Budget in Swift County, MN
Based on the local median household income of $60,412/year ($5,034/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 Swift County, MN
What is the median household income in Swift County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Swift County, MN is $60,412 per year (approximately $5,034 per month).
What is the average rent in Swift County, MN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Swift County, MN are $671 for a studio, $768 for 1 bedroom, $973 for 2 bedrooms, $1,285 for 3 bedrooms, and $1,314 for 4 bedrooms.
How does the cost of living in Swift County, MN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Swift 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 Swift County, MN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($973/month) in Swift County, MN requires a minimum gross household income of $38,920 per year ($3,243 per month).
What is a balanced 50/30/20 monthly budget in Swift County, MN?
For a typical household earning the median income of $60,412/year ($5,034/month) in Swift County, MN, a balanced 50/30/20 budget allocates $2,517/month to essential needs (rent, utilities, groceries), $1,510/month to discretionary spending, and $1,007/month to savings and debt repayment.
What are typical electricity and utility costs in Swift 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.