- Created: Thursday, 07 August 2014 04:47
MHP's 2014 County Profiles, released this week, reveal that affording rent is now more difficult for renters than it was in the year 2000 in all but three of Minnesota's 87 counties. Rising rents and falling incomes for renters are to blame.
Since 2000, Minnesota's median rents have risen by 6%, while incomes for renters have fallen by 17%. This pattern plays out in most of the state's counties, with median rents rising in all but six counties, and renter incomes falling in most. The gap between rents and incomes has worsened in all but three Western Minnesota counties (Wilkin, Marshall, and Stevens) since 2000.
In addition to information about changes in rents and renter incomes, the 2014 profiles are packed with other information, including data about homelessness, the housing stock, costs to rent and own, and workers' wages. Profiles for Minnesota's 87 counties and the state as a whole, as well as charts, maps, and analysis, are available here.