salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 10.2 minutes.
How much money do I need?
To rent here comfortably, you should earn about $32,600 a year. That is $16 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 7 of 150 cities from cheapest to most expensive.
How much do households earn in Thief River Falls?
Share of households by yearly income. 23.2% of households earn $100,000 or more.
Rent by apartment size in Thief River Falls
| Size | Thief River Falls | U.S. average |
|---|---|---|
| Studio | $836 | $1,338 |
| 1 bedroom | $595 | $1,324 |
| 2 bedrooms | $1,111 | $1,509 |
| 3 bedrooms | $1,291 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Thief River Falls overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Thief River Falls, so the Minnesota figure is shown.
Taxes and bills in Thief River Falls
Life in Thief River Falls
Is it cheaper to rent or buy in Thief River Falls?
Renting is cheaper right now: about $402 a month less.
Owning assumes a typical $175,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,540 for the down payment.
Frequently asked questions
What is the average rent in Thief River Falls, MN?
Renting in Thief River Falls costs a median of about $815 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Thief River Falls?
To keep rent under 30% of income, you need about $32,600 a year, or $16 an hour at a full-time job.
Is Thief River Falls cheap or expensive?
Thief River Falls is rated Cheap: rent takes 12.7% of the typical household income of $76,729. It ranks 7th cheapest of 150 Minnesota cities we track.
How much are property taxes in Thief River Falls?
The median homeowner in Thief River Falls pays $2,456 a year in property taxes, about 1.40% of the median home value.
Is Thief River 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 Thief River Falls?
The median home value in Thief River Falls is $175,400, about 2.3 times the typical yearly household income.
8,823 people live in Thief River Falls. Numbers are typical (middle) values.