A wise sage once said “she works hard for the money” and these places in Minnesota definitely treat her right.
You see, these are the places in Minnesota where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the North Star State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 130 largest places in Minnesota, we were left with this set of the best value for your money:
- Albert Lea
- International Falls
- Thief River Falls
- Redwood Falls
So listen up Orono as we explain how we created this ranking, you could learn some things from the rest of the state.
How We Determined The Most Affordable Places To Live In The North Star State
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Minnesota to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 130 places in Minnesota that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
1. Albert Lea
Population: 17,969 Services: 94
Population: 24,632 Services: 94
3. International Falls
Population: 6,402 Services: 96
4. Thief River Falls
Population: 8,584 Services: 96
5. Redwood Falls
Population: 5,227 Services: 104
Population: 16,345 Services: 104
Population: 8,718 Services: 104
Population: 10,579 Services: 104
Population: 7,866 Services: 96
Population: 5,330 Services: 104
Detailed List Of Affordable Places In Minnesota
|Thief River Falls||4|
|East Grand Forks||35|
|Spring Lake Park||56|
|White Bear Lake||77|
|Inver Grove Heights||88|