Steele County, MN at a glance
Median household income
$84,196$7,016 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Steele County, MN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Steele County, MN? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Steele County, MN, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $787 | $9,444 | $31,480 | 11.2% |
| 1-Bedroom Apartment | $870 | $10,440 | $34,800 | 12.4% |
| 2-Bedroom ApartmentBenchmark | $1,142 | $13,704 | $45,680 | 16.3% |
| 3-Bedroom Home | $1,549 | $18,588 | $61,960 | 22.1% |
| 4-Bedroom Home | $1,816 | $21,792 | $72,640 | 25.9% |
What a typical income covers in Steele County, MN
The 50/30/20 rule applied to the local median of $84,196 a year ($7,016 a month before tax).
What $84,196 leaves after Minnesota taxes
Federal income tax, Social Security, Medicare and Minnesota tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Minnesota
Living in Steele County, MN: common questions
What is the median household income in Steele County, MN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Steele County, MN is $84,196 per year (approximately $7,016 per month).
What is the average rent in Steele County, MN?
The closest official figure is HUD's Fair Market Rent for 2026: $787 for a studio, $870 for one bedroom, $1,142 for two, $1,549 for three and $1,816 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Steele County, MN expensive to live in?
Prices there run 1.4% below the U.S. average. BEA's regional price parity for Minnesota is 98.6, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Steele County, MN?
To keep a $1,142 two-bedroom under 30% of gross income, a household needs about $45,680 a year, or $3,807 a month. That is 54% of what the typical household in Steele County, MN earns.
How much do you need to live comfortably in Steele County, MN?
On the local median income of $84,196 ($7,016 a month before tax), the 50/30/20 rule leaves $3,508 a month for needs like rent, utilities and groceries, $2,105 for everything else and $1,403 for savings or debt. A two-bedroom at $1,142 takes 33% of the needs share.
How much is the electric bill in Steele County, MN?
Homes in Minnesota paid 17.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $158. Your bill depends mostly on heating and cooling.