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Cost of Living in Itasca County

Is it better to rent or buy in Itasca 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.

$70,470
$983/mo

Median in area: $983

$232,635

Median in area: $232,635

$46,527

If you Rent

🔑
$1,251 /mo
Base Rent$983
Est. Utilities$268
% of Income21.3%
Pre-tax Residual$4,622

If you Buy

🏠
$1,744 /mo
P&I (7.168%)$1,259
Taxes & Ins$217
Est. Utilities$268
% of Income29.7%
Pre-tax Residual$4,128

Compare Nearby Areas

See how Itasca County stacks up against neighboring areas.

countyBeltrami County, MN
$999/mo
countyAitkin County, MN
$1,008/mo
countySt. Louis County, MN
$1,190/mo
countyKoochiching County, MN
$675/mo
countyCass County, MN
$946/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Itasca County. The estimated all-in monthly cost for renting is $1,251, while owning a median-priced home with a 20% down payment is roughly $1,744 per month (a difference of $493).

How much do utilities cost in Itasca County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Itasca County is approximately $268. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Itasca County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $50,040 per year.