Marshall, MN

Very Low · 59

Minnesota · Population 13,880 · Updated March 2026

$742
Median Rent / Month
$64,636
Median Income
$198,900
Median Home Value
$890
Owner Costs / Month

Affordability

How far your income goes in Marshall

13.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$8,904
Annual Rent
$6,367
State Income Tax
$2,208
Property Tax (est.)

Cost of Living Overview

Marshall is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), Marshall residents can expect to pay median rent of $742/month while earning a median household income of $64,636/year.

The median home value in Marshall, MN is $198,900, with typical monthly owner costs around $890 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in Marshall.

Frequently Asked Questions

Common questions about living costs in Marshall

What is the cost of living in Marshall, MN?
The cost of living index in Marshall, MN is 59 (US average = 100). Median monthly rent is $742, median household income is $64,636/year, and the median home value is $198,900.
Is Marshall, MN affordable?
Yes, Marshall is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 13.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Marshall, MN?
The median gross rent in Marshall, MN is $742 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,904.
What is the median household income in Marshall?
The median household income in Marshall, MN is $64,636 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.