Lyon County, Minnesota
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Lyon County Compares
Detailed Income Statistics
Income Advisory: Lyon County
Income Verdict
Lyon County has a median household income of $72,761 and per capita income of $37,201 — a gap of $35,560, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $742/month and a median household income of $72,761, rent consumes approximately 12.2% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $72,761 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $37,201 is in line with national norms for individual earners.
Neighbor Context
Lyon County earns approximately 4% below the Minnesota state median household income of $75,757.
Data Story
About Household Income in Lyon County, Minnesota
Lyon County nearly matches national income
At $72,761, Lyon County's median household income sits just $2,000 below the U.S. median of $74,755, putting it within 3% of the national benchmark. This strong position reflects a resilient local economy.
Middle ground in Minnesota rankings
Lyon County's $72,761 median income ranks it slightly below Minnesota's county average of $75,757, placing it in the solid middle tier statewide. The $3,000 gap suggests Lyon households earn competitively within the state.
Leads regional income comparisons
Lyon County outearns surrounding counties: it tops Mahnomen ($53,925), Martin ($62,969), and Lincoln ($67,715), and edges past Marshall ($71,701). As the strongest earner in this southwest Minnesota cluster, Lyon County demonstrates relative economic strength.
Solid housing affordability
Lyon County's 12.2% rent-to-income ratio keeps housing costs well within the 15% affordability threshold, despite the median home value of $193,100. Local incomes comfortably support homeownership here.
Strong foundation for wealth building
With near-national incomes and affordable housing, Lyon County households have breathing room to save and invest beyond basic shelter costs. Establishing tax-advantaged retirement accounts and diversified portfolios can accelerate long-term wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $72,761 per year
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Income Adequacy
Your monthly income ($6,063) vs. median rent ($742/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.