St. Peter, MN Cost Of Living
Cost Of Living In St. Peter, MN Summary
Cost of living in St. Peter research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means St. Peter is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in St. Peter is 95, with 100 being the average.
The cost of living index in St. Peter is 0.9x lower than the national average.
St. Peter ranks as the #19 cheapest in Minnesota out of 148.
St. Peter ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in St. Peter is $294,454.
The median income in St. Peter is $65,042.
Table Of Contents
St. Peter's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in St. Peter, MN?
According to the most recent data on the cost of living, St. Peter has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Minnesota, St. Peter has a cost of living index that's 1.0x lower than Minnesota's index of 97.
The standard of living in St. Peter ranks as #19 most affordable out of the 148 places we measured in Minnesota. By definition, that implies St. Peter ranks as the #129 most expensive place in the North Star State.
For more reading on life in St. Peter, check out:
In Minnesota
In America
St. Peter Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in St. Peter. Here is how it fairs on each of the criteria:
The Services index in St. Peter is 99.
The Groceries index in St. Peter is 97.
The Health index in St. Peter is 112.
The Housing index in St. Peter is 96.
The Transportation index in St. Peter is 95.
The Utilities index in St. Peter is 91.
| Living Expense | St. Peter | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 95 | 97 | 100 | |
| Services | 99 | 101 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 112 | 110 | 100 | |
| Housing | 96 | 100 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 91 | 94 | 100 | |
St. Peter, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in St. Peter is $294,454.
The Median Rent in St. Peter is $943.
The Median Income in St. Peter is $65,042.
The Home Value To Income in St. Peter is 4.5x.
The Rent To Monthly Income in St. Peter is 0.17x.
Median Home Value
Median Rent
Median Income
St. Peter, MN Costs By Category
Detailed St. Peter Services Costs Vs. Minnesota
Detailed St. Peter Groceries Costs Vs. Minnesota
Detailed St. Peter Health Costs Vs. Minnesota
Detailed St. Peter Transportation Costs Vs. Minnesota
Detailed St. Peter Utilities Costs Vs. Minnesota
St. Peter SnackAbility
/10
Cost Of Living In Cities Around St. Peter
The cost of living varies in the cities and towns around St. Peter. Here's a quick look at the cost of living in the most populous nearby places:
Lakeville, MN has a cost of living index of 119, 1.3x St. Peter.
Eden Prairie, MN has a cost of living index of 124, 1.3x St. Peter.
Apple Valley, MN has a cost of living index of 111, 1.2x St. Peter.
| City | Population | Cost Of Living | Vs. St. Peter |
|---|---|---|---|
| Lakeville, MN | 72,480 | 119 | 1.3x |
| Eden Prairie, MN | 63,249 | 124 | 1.3x |
| Apple Valley, MN | 55,696 | 111 | 1.2x |
| Minnetonka, MN | 53,256 | 120 | 1.3x |
| Edina, MN | 53,125 | 139 | 1.5x |
| Mankato, MN | 44,882 | 100 | 1.1x |
| North Mankato, MN | 14,212 | 98 | 1.0x |
| Victoria, MN | 10,972 | 132 | 1.4x |
| Mound, MN | 9,176 | 105 | 1.1x |
| Minnetrista, MN | 8,509 | 141 | 1.5x |
