Cost of Living in Austin, MN
Population: 26,167 • 2026 Data
$66,488
Median Household Income
-14% vs national
$860
Median Monthly Rent
-36% vs national
$155,100
Median Home Value
-54% vs national
4.2%
Unemployment Rate
Housing in Austin
The median home value in Austin, MN is $155,100. Monthly rent for a typical unit averages $860, while total monthly housing costs (including utilities and insurance) average $939.
Rent-to-income ratio: 15.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Austin, MN is $66,488. The unemployment rate stands at 4.2%, with a labor force of 12,824 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.