This Is Officially The Cheapest Place To Live In Minnesota
This article was originally posted on KRFO
Minnesota consistently ranks as one of the best places to live in the country, and it’s easy to see why. From top-rated schools to four vibrant seasons, the state offers a quality of life that’s hard to beat.
But living in a great place doesn’t have to come with a sky-high price tag – if you know where to look. While some towns come with steep costs, others make it easy to enjoy everything Minnesota offers without breaking the bank.
The most affordable place to live in the land of 10,000 Lakes has a median home price of only $101,000 and rent is around $627/month, both significantly lower than the national average. Just for reference, let’s take a look at some of the cheapest large cities in Minnesota.
The 8 Most Affordable Cities to Live in Minnesota
Whether you’re looking to rent or buy, this is a must-see list of the most affordable cities to live in Minnesota.
#8 Burnsville
According to Redfin, Burnsville is the 8th most affordable place to live in Minnesota with a median home price of $350,500 and the average rent for a one-bedroom apartment at $1,085.
#7 Brooklyn Park
With a population of 86,500, Brooklyn Park is a great mid-sized city to live in. It’s number 7 on the list with the median home price at $345,000 and the average price for a one-bedroom apartment costing about $1,585/month.
#6 Minneapolis
Believe it or not, Minneapolis home prices are about $10K less than the state’s average. According to Redfin, the median home price in MSP is $339,900 and the average rent for a one-bedroom apartment is $1,476.
#5 Coon Rapids
Coon Rapids is about 16 miles north of Minneapolis with a population of 63,600. The median home price is $335,750 and average cost of a one-bedroom apartment is $1,536.
#4 Rochester
Redfin reports the median home price is $314,250 in Rochester, while the rent for a one-bedroom apartment is $1,488.
#3 Duluth
Not only is it a beautiful city, but it’s also considered one of the most affordable places to live. The third most affordable according to Redfin. The median home price in Duluth is $312,700 and the rent for a one-bedroom apartment averages about $1,495.
#2 St. Paul
The state capital takes the second spot on the list of most affordable places to live. The median home price is $300,525 in St. Paul and if you want to rent a one-bedroom apartment, it’ll cost you on average $1,307 per month.
#1 Saint Cloud
And taking the number one spot of most affordable in Minnesota is Saint Cloud. The average home price and rent cost are significantly lower than all the other cities.
Median home price: $250,000.
Average rent for a 1-bedroom apartment: $739
This Is Officially The Cheapest Place To Live In Minnesota:
Other towns that were high on the list for lowest cost of living include Sleepy Eye, Chisholm, International Falls, Blue Earth, Caledonia, and St. James. But, where is the cheapest place to live in all of Minnesota?
Pipestone, a cozy town in southwestern Minnesota with a population of just over 4,100, is a hidden gem for those who appreciate small-town living.
It has an abundance of parks and outdoor spaces, and home to the Pipestone National Monument and Winnewissa Falls. And now it’s known as the cheapest place to live in all of Minnesota.