States › Minnesota › Fergus Falls

Is Fergus Falls, MN expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,05640% lower than U.S. average
💵 Families earn per year (2026)$60,571about $5,048/month · 30% lower than U.S. average
🔑 House price$194,00042% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 12.9 minutes.

How much money do I need?

To rent here comfortably, you should earn about $42,240 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 22 of 150 cities from cheapest to most expensive.

Fergus Falls
$1,056
North Mankato
$1,168
Robbinsdale
$2,252
New Ulm
$998
Brainerd
$1,271
Marshall
$811
Sauk Rapids
$943

How much do households earn in Fergus Falls?

Under $25k
20.9%
$25k–50k
26.3%
$50k–100k
35.2%
$100k–150k
7.5%
$150k+
5.2%

Share of households by yearly income. 12.7% of households earn $100,000 or more.

Rent by apartment size in Fergus Falls

SizeFergus FallsU.S. average
Studio$732$1,338
1 bedroom$677$1,324
2 bedrooms$1,041$1,509
3 bedrooms$1,320$1,698
4 bedrooms$949$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Fergus Falls overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fergus Falls, so the Minnesota figure is shown.

Taxes and bills in Fergus Falls

🏛️ Property tax$1,754a year · 0.90% of home value · U.S. $3,119
⚡ Electric bill$116a month (typical) · U.S. $156

Life in Fergus Falls

Commute to work12.9 minU.S.: 26.4 min
College degree29.3%U.S.: 35.7%
Own their home64.1%U.S.: 65.2%
Below poverty line9.1%U.S.: 12.5%
Unemployment7.2%U.S.: 5.2%

Is it cheaper to rent or buy in Fergus Falls?

Renting is cheaper right now: about $290 a month less.

Renting
$1,056
Owning
$1,346

Owning assumes a typical $194,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,400 for the down payment.

Frequently asked questions

What is the average rent in Fergus Falls, MN?

Renting in Fergus Falls costs a median of about $1,056 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Fergus Falls?

To keep rent under 30% of income, you need about $42,240 a year, or $20 an hour at a full-time job.

Is Fergus Falls cheap or expensive?

Fergus Falls is rated OK: rent takes 20.9% of the typical household income of $60,571. It ranks 22nd cheapest of 150 Minnesota cities we track.

How much are property taxes in Fergus Falls?

The median homeowner in Fergus Falls pays $1,754 a year in property taxes, about 0.90% of the median home value.

Is Fergus Falls more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Fergus Falls?

The median home value in Fergus Falls is $194,000, about 3.2 times the typical yearly household income.

14,181 people live in Fergus Falls. Numbers are typical (middle) values.