Minneapolis-St. Paul-Bloomington, MN vs Rock County, MN
A 2-bedroom in Rock County costs $736 less per month than Minneapolis-St. Paul-Bloomington ($973 vs $1,709). Median income is $98,180 in Minneapolis-St. Paul-Bloomington and $70,698 in Rock County. That's a difference of $8,832 per year in housing costs.
Side-by-Side Comparison
| Metric | Minneapolis-St. Paul-Bloomington | Rock County |
|---|---|---|
| Studio FMR | $1,242 | $727 |
| 1BR FMR | $1,405 | $742 |
| 2BR FMR | $1,709 | $973 |
| 3BR FMR | $2,262 | $1,353 |
| 4BR FMR | $2,531 | $1,357 |
| Median Income | $98,180 | $70,698 |
| Rent Burden | 20.9% | 16.5% |
| Actual Median Rent | $1,396 | $745 |
| Median Home Value | $354,400 | $201,600 |
| Population | 3.7M | 9.6K |
| Renter % | 29.1% | 24% |
| Vacancy Rate | 4.7% | 6.6% |
| Poverty Rate | 8.2% | 9.5% |
| Unemployment | - | 3% |
| YoY Change | +5.4% | - |
| Min Wage | $11.13/hr | $11.13/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Rock County, MN is more affordable with a 2BR FMR of $973/mo, which is $736 less than Minneapolis-St. Paul-Bloomington at $1,709/mo. However, when considering local incomes, Minneapolis-St. Paul-Bloomington has a rent burden of 20.9% vs 16.5% in Rock County.
A 2-bedroom in Minneapolis-St. Paul-Bloomington, MN costs $1,709/mo at Fair Market Rent, while in Rock County, MN it's $973/mo, a difference of $736/mo or $8,832/year.
To afford a 2BR without spending more than 30% of income on rent: Minneapolis-St. Paul-Bloomington requires $68,360/year ($33/hr). Rock County requires $38,920/year ($19/hr).