Safe Rate Local

Cost of Living in Sherburne County

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

← Back to Sherburne County Hub

Rent vs. Buy Affordability Calculator

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

$110,563
$1,401/mo

Median in area: $1,401

$352,487

Median in area: $352,487

$70,497

If you Rent

🔑
$1,617 /mo
Base Rent$1,401
Est. Utilities$216
% of Income17.6%
Pre-tax Residual$7,597

If you Buy

🏠
$2,544 /mo
P&I (6.991%)$1,874
Taxes & Ins$454
Est. Utilities$216
% of Income27.6%
Pre-tax Residual$6,669

Compare Nearby Areas

See how Sherburne County stacks up against neighboring areas.

countyAnoka County, MN
$1,571/mo
countyMille Lacs County, MN
$1,001/mo
countyStearns County, MN
$1,076/mo
countyBenton County, MN
$1,105/mo
countyWright County, MN
$1,388/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Sherburne County. The estimated all-in monthly cost for renting is $1,617, while owning a median-priced home with a 20% down payment is roughly $2,544 per month (a difference of $927).

How much do utilities cost in Sherburne County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Sherburne County is approximately $216. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Sherburne County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $64,680 per year.