How much rent can you afford in Coon Rapids, MN?
Run your salary against Coon Rapids's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Coon Rapids
At a median rent of $1,700/mo, Coon Rapids is very affordable when measured against Coon Rapids median household income of $88,251/yr. Rent would consume roughly 23% of pre-tax income, and a salary of about $68,000 keeps rent at the recommended 30% threshold.
How Coon Rapids compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Coon Rapids?
On a $88,251 salary (the Coon Rapids median household income), the recommended ceiling is 30% of pre-tax income, or about $2,206/mo. Coon Rapids's median rent is $1,700/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Coon Rapids?
To keep Coon Rapids's $1,700/mo median rent under 30% of income, you'd need about $68,000/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Coon Rapids affordable on the median Minnesota income?
Coon Rapids is very affordable on a $88,251 income. Rent would take 23% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".