Park Rapids, MN
4,270Residents
$44,747Median household income
$825/moMedian gross rent
$227,500Median home value
45.8Median age
22%Adults with a bachelor’s degree or higher
55%Homes lived in by their owners
5.1×Home value to household income
Median rent takes about 22% of the median household income in Park Rapids.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $33,000 a year. In Minnesota that leaves roughly $2,204 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.