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Cost of Living in Goodhue County

Is it better to rent or buy in Goodhue County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$86,833
$1,000/mo

Median in area: $1,000

$295,066

Median in area: $295,066

$59,013

If you Rent

🔑
$1,263 /mo
Base Rent$1,000
Est. Utilities$263
% of Income17.5%
Pre-tax Residual$5,973

If you Buy

🏠
$2,283 /mo
P&I (7.08%)$1,583
Taxes & Ins$437
Est. Utilities$263
% of Income31.6%
Pre-tax Residual$4,953

Compare Nearby Areas

See how Goodhue County stacks up against neighboring areas.

countyDodge County, MN
$1,087/mo
countyRice County, MN
$1,152/mo
countyPierce County, WI
$1,046/mo
countyDakota County, MN
$1,642/mo
countyWabasha County, MN
$846/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Goodhue County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Goodhue County. The estimated all-in monthly cost for renting is $1,263, while owning a median-priced home with a 20% down payment is roughly $2,283 per month (a difference of $1,020).

How much do utilities cost in Goodhue County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Goodhue County is approximately $263. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Goodhue County?›

To comfortably afford the median rent and utilities in Goodhue County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $50,520 per year.