Steele County, Minnesota
Income Data
At a Glance
How Steele County Compares
Detailed Income Statistics
Data Story
About Household Income in Steele County, Minnesota
Steele leads Minnesota in household income
Steele County's median household income of $83,448 runs $8,693 above the national median of $74,755. This strong performance reflects robust manufacturing and agricultural sectors that consistently attract well-compensated workers.
Among Minnesota's highest earners
At $83,448, Steele significantly outpaces Minnesota's state average of $75,757, ranking as one of the top earners in the state. The county's diversified economy and proximity to the Twin Cities corridor support sustained wage growth.
Steele outearns peers across the region
Steele County's $83,448 median income tops all neighboring and similar counties in this analysis, including Stearns ($76,447), Wabasha ($80,133), and Stevens ($71,060). This leadership position reflects strong labor demand and competitive wages in the county's manufacturing and professional sectors.
Housing fit comfortably in budgets
Steele's rent-to-income ratio of 14.5% is well below the affordability threshold, meaning residents dedicate a healthy but manageable portion of income to housing. Combined with a median home value of $234,200, the county offers strong homeownership potential for working families.
Steele's income supports wealth creation
Higher median income in Steele creates real opportunity to move beyond basic budgeting into strategic wealth building—consider diversifying beyond homeownership into stocks, bonds, or retirement vehicles. With household earnings $8,600+ above national average, families here can accelerate progress toward long-term financial goals.
Frequently Asked Questions
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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.