Moorhead, MN

Below Avg · 77

Minnesota · Population 44,706 · Updated March 2026

$1,017
Median Rent / Month
$69,371
Median Income
$246,300
Median Home Value
$1,163
Owner Costs / Month

Affordability

How far your income goes in Moorhead

17.6%
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

$12,204
Annual Rent
$6,833
State Income Tax
$2,734
Property Tax (est.)

Cost of Living Overview

Moorhead is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 77 (where 100 equals the national median), Moorhead residents can expect to pay median rent of $1,017/month while earning a median household income of $69,371/year.

The median home value in Moorhead, MN is $246,300, with typical monthly owner costs around $1,163 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% 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 Moorhead.

Frequently Asked Questions

Common questions about living costs in Moorhead

What is the cost of living in Moorhead, MN?
The cost of living index in Moorhead, MN is 77 (US average = 100). Median monthly rent is $1,017, median household income is $69,371/year, and the median home value is $246,300.
Is Moorhead, MN affordable?
Yes, Moorhead is more affordable than the national average with a cost index of 77. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Moorhead, MN?
The median gross rent in Moorhead, MN is $1,017 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,204.
What is the median household income in Moorhead?
The median household income in Moorhead, MN is $69,371 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%.