Cost of living in Stewartville 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 Stewartville 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 Stewartville is 94, with 100 being the average.
The cost of living index in Stewartville is 0.9x lower than the national average.
Stewartville ranks as the #21 cheapest in Minnesota out of 147.
Stewartville ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Stewartville is $198,300.
The median income in Stewartville is $82,984.
According to the most recent data on the cost of living, Stewartville has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Stewartville has a cost of living index that's 1.0x lower than Minnesota's index of 95.
The standard of living in Stewartville ranks as #21 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Stewartville ranks as the #126 most expensive place in the North Star State.
For more reading on life in Stewartville, check out:
Six factors go into calculating the cost of living index in Stewartville. Here is how it fairs on each of the criteria:
The Services index in Stewartville is 97.
The Groceries index in Stewartville is 89.
The Health index in Stewartville is 98.
The Housing index in Stewartville is 87.
The Transportation index in Stewartville is 91.
The Utilities index in Stewartville is 111.
|Living Expense||Stewartville||Minnesota||National Average|
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 2017-2021. The key points are:
The Median Home Value in Stewartville is $198,300.
The Median Rent in Stewartville is $919.
The Median Income in Stewartville is $82,984.
The Home Value To Income in Stewartville is 2.4x.
The Rent To Monthly Income in Stewartville is 0.13x.
|Median Home Value||$198,300||$250,200||$244,900|
|Home Value To Income||2.4x||3.2x||3.5x|
|Rent To Monthly Income||0.13x||0.17x||0.2x|
The cost of living varies in the cities and towns around Stewartville. Here's a quick look at the cost of living in the most populous nearby places:
Rochester, MN has a cost of living index of 95, 1.0x Stewartville.
Owatonna, MN has a cost of living index of 92, 1.0x Stewartville.
Winona, MN has a cost of living index of 94, 1.0x Stewartville.