Murray County, Minnesota
Income Data
At a Glance
How Murray County Compares
Detailed Income Statistics
Data Story
About Household Income in Murray County, Minnesota
Murray County matches U.S. median exactly
Murray County's median household income of $74,475 essentially matches the national median of $74,755, placing it right at the U.S. baseline. This achievement is notable for a rural Minnesota county and reflects a resilient local economy.
Slightly below state average income
At $74,475, Murray County trails Minnesota's state average of $75,757 by just $1,282, ranking it in the upper-middle tier of the state's 87 counties. The per capita income of $40,277 also exceeds the state average of $39,335, indicating strong individual earnings.
Strong performer among southwest peers
Murray County's $74,475 income leads Nobles County ($65,509) and rivals or exceeds most neighboring rural counties in southwest Minnesota. Its above-average per capita income of $40,277 suggests households have multiple earners or higher individual wages.
Housing costs are very manageable
Murray County's rent-to-income ratio of 12.4% is among the lowest in the region, signaling comfortable housing affordability for renters and buyers alike. The median home value of $179,400 represents excellent value relative to household income.
Strong income foundation for planning
At the national median income level, Murray County households have a solid foundation for financial planning, retirement contributions, and real estate investment. The below-average housing cost ratio creates breathing room in household budgets for savings and wealth-building vehicles.
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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.