How many households in Minnesota spend too much on housing?
Updates published annually
About 642 thousand in 2023. That’s 28.0% of all Minnesota households. These households spent at least 30% of their total income on rent or mortgage payments and utilities. The Department of Housing and Urban Development considers households that spend more than 30% of their income on housing to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings.
In 2023,
642K
households were cost burdened
In 2023,
28%
of households were cost burdened
The number of cost-burdened households in Minnesota increased from 590 thousand in 2013 to 642 thousand in 2023. Cost burden considers both household income and housing costs, so factors affecting either of these can influence the number of burdened households. For example:
- Changes in wages, employment status, or the number of people in a household can impact household income.
- Changes in housing supply/demand or interest rates can affect costs.
A growing or declining US population can also affect the number of cost-burdened households. To counteract this, USAFacts analyzed the percentages of cost-burdened households rather than just the number. This prevents such population changes from skewing the data.
In 2023, 28.0% of Minnesota households were cost burdened, lower than the national average of 32.8%.
In Minnesota, 28.0% of households were cost burdened in 2023.
Share of households that spent at least 30% of their income on housing
Cost burden varies for renters and homeowners. For example, during the Great Recession (2007–2009) unemployment rose, millions of homes entered foreclosure, and rental demand increased. By 2010, cost burden had increased among renters while staying flat among homeowner households.
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Since 2013, the proportion of cost-burdened owner households in Minnesota has decreased from 21.2% to 20.6% in 2023. Meanwhile, cost burden changed from 47.7% to 48.1% among renter households.
In Minnesota, 48.1% of renter and 20.6% of owner households were cost burdened in 2023.
Share of households that spent at least 30% of their income on housing
In 2019–2023, the share of owner households in metro areas that were cost burdened was 22.3%. The metro areas with the highest and lowest share of cost-burdened owner households were the Miami, FL area at 33.9% (highest) and Columbus, IN area at 13.0% (lowest). In Minnesota, the highest and lowest were Mankato, MN area at 18.9% and St. Cloud, MN area.
Across metro areas, 22.4% of owner households were cost burdened.
Share of owner households that spent at least 30% of their income on housing, 2019–2023
In 2019–2023, the share of renter households in metro areas that were cost burdened was 51.1%. The metro areas in the US with the highest and lowest share of cost-burdened renter households were the Miami, FL area at 63.1% (highest) and Sheboygan, WI area at 31.9% (lowest). In Minnesota, the highest and lowest were Duluth, MN area at 50.9% and St. Cloud, MN area at 43.5%.
Across metro areas, 51.2% of renter households were cost burdened.
Share of renter households that spent at least 30% of their income on housing, 2019–2023
The difference between the cost-burdened share of owner and renter households was 33.0 percentage points in the Duluth, MN area. Within the state overall, the gap was 27.5 percentage points.
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
