Key Economic Benchmarks
Median Household Income
$82,007$6,834 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Wabasha County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Wabasha County, MN
Official FY2026 HUD Fair Market Rents for Wabasha County, 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 | $872 | $10,464 | $34,880 | 12.8% |
| 1-Bedroom Apartment | $913 | $10,956 | $36,520 | 13.4% |
| 2-Bedroom ApartmentBenchmark | $1,001 | $12,012 | $40,040 | 14.6% |
| 3-Bedroom Home | $1,334 | $16,008 | $53,360 | 19.5% |
| 4-Bedroom Home | $1,679 | $20,148 | $67,160 | 24.6% |
50/30/20 Living Budget in Wabasha County, MN
Based on the local median household income of $82,007/year ($6,834/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 Wabasha County, MN
What is the median household income in Wabasha County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Wabasha County, MN is $82,007 per year (approximately $6,834 per month).
What is the average rent in Wabasha County, MN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Wabasha County, MN are $872 for a studio, $913 for 1 bedroom, $1,001 for 2 bedrooms, $1,334 for 3 bedrooms, and $1,679 for 4 bedrooms.
How does the cost of living in Wabasha County, MN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Wabasha 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 Wabasha County, MN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,001/month) in Wabasha County, MN requires a minimum gross household income of $40,040 per year ($3,337 per month).
What is a balanced 50/30/20 monthly budget in Wabasha County, MN?
For a typical household earning the median income of $82,007/year ($6,834/month) in Wabasha County, MN, a balanced 50/30/20 budget allocates $3,417/month to essential needs (rent, utilities, groceries), $2,050/month to discretionary spending, and $1,367/month to savings and debt repayment.
What are typical electricity and utility costs in Wabasha 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.