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 (Photos | Homes For Sale)
- Austin (Photos | Homes For Sale)
- Stewartville (Photos | Homes For Sale)
- Rochester (Photos | Homes For Sale)
- Redwood Falls (Photos | Homes For Sale)
- Fairmont (Photos | Homes For Sale)
- Worthington (Photos | Homes For Sale)
- New Ulm (Photos | Homes For Sale)
- Waseca (Photos | Homes For Sale)
- Glencoe (Photos | Homes For Sale)
So listen up Lake City (the most expensive place in Minnesota) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Minnesota and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The North Star State For 2018
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.
Albert Lea is a city located in Freeborn County, in the southeastern part of the State of Minnesota. It is also the county seat. The population was 18,016 at the 2010 census.
Austin is a city in Mower County, Minnesota, United States. The population was 24,718 at the 2010 census. It is the county seat of Mower County. The town was originally settled along the Cedar River and it has two artificial lakes called East Side Lake and Mill Pond. The town was named for Austin R. Nichols, the first settler in the area.
Stewartville is a city in Olmsted County, Minnesota, United States. The population was 5,916 at the 2010 census. Stewartville has experienced growth as a result of its location just south of Rochester.
Rochester is a city in the U.S. State of Minnesota and is the county seat of Olmsted County. Located on the Zumbro River’s south fork in Southeast Minnesota, according to the 2010 United States Census the city has a population of 106,769. The U.S. Census Bureau estimated that the 2016 population was 114,011. It is Minnesota’s third-largest city and the largest city located outside the Minneapolis-St. Paul-Bloomington Metropolitan Statistical Area. As of 2015, the Rochester metropolitan area has a population of 215,884. It is the home of the Mayo Clinic and one of IBM’s largest facilities. The city has long been rated as one of the best places to live in the United States by multiple publications such as Money and is one of the most educated cities in the world.
Redwood Falls is a city in Redwood County, located along the Redwood River near its confluence with the Minnesota River, in the U.S. state of Minnesota. The population was 5,254 at the 2010 census. It is the county seat.
Fairmont is a city in and the county seat of Martin County, Minnesota, United States. The population was 10,666 at the 2010 census.
Worthington is a city and county seat of Nobles County, Minnesota, United States. The population was 12,764 at the 2010 census.
New Ulm is a city in Brown County, Minnesota, United States. The population was 13,522 at the 2010 census. It is the county seat of Brown County.
Waseca is a city in Waseca County, Minnesota, United States. The population was 9,410 at the 2010 census. It is the county seat.
Glencoe is the county seat of McLeod County, Minnesota, United States. The population was 5,631 at the 2010 census.
There You Have It Mr. Or Mrs. Minnesota Cheapskate
If you’re looking at the cost of living numbers in Minnesota, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Minnesota according to the data:
- Lake City
For more Minnesota reading, check out:
- These Are The 10 Best Places To Retire In Minnesota For 2018
- These Are The 10 Richest Cities In Minnesota
- These Are The 10 Best Counties To Live In Minnesota
Detailed List Of The Cheapest Places In Minnesota
|19||Thief River Falls||48.67|
|28||East Grand Forks||53.33|
|59||White Bear Lake||68.5|
|65||Inver Grove Heights||70.42|
|68||Spring Lake Park||71.08|