The 10 Cheapest Places To Live In Minnesota In 2024


The most affordable places to live in Minnesota for 2024 are Thief River Falls, International Falls, and Albert Lea according to Saturday Night Science.

You’ll need to have a Minnesota Woodsman’s ethos to enjoy the lowest cost of living places in the North Star State.

It turns out the exurbs are home to the most affordable places to live in Minnesota

We determined the most affordable places to live in Minnesota using Saturday Night Science. Using the Census data for home prices, incomes, and cost of living, we ranked every city in Minnesota in terms of affordability.

So, crank some Purple Rain, grab some hot dish, and read on to find your place amongst the 11,000 lakes.


Table Of Contents: Top Ten | Methodology | Table | FAQs | Summary


Most Affordable Cities In Minnesota Map

What is the most affordable place to live in Minnesota? The most affordable place to live in Minnesota is Thief River Falls after crunching data from the US Census regarding median housing costs, median income, and overall cost of living for cities with over 5,000 residents.

Affordability in the North Star State means you can spend the extra change in your pocket on Minnesota Vikings tickets, a cabin on Leech Lake, or a staycation in one of Minnesota’s big cities.

Check out some more reading about Minnesota and the cheapest places in the country:

The 10 Cheapest Places To Live In Minnesota For 2024

Thief River Falls, MN

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 8,871
Overall Cost Of Living Index: 83
Median Income: $65,086
Median Home Price: $188,664
Median Rent: $921

Thief River Falls, in Pennington County, ranks first in affordability within Minnesota with a $188,664 median home value and a $921 median rent. Affordable attractions in the town include the Thief River Falls Public Library and the Pennington County Historical Society.

The overall cost-of-living index is 83, ensuring that thrift thrives in Thief River Falls.

More on Thief River Falls: Data | Crime | Cost Of Living | Real Estate

International Falls, MN

Source: Wikipedia User Andrew Filer from Seattle (ex-Minneapolis) | CC BY-SA 2.0
Overall SnackAbility

6
/10

Population: 5,795
Overall Cost Of Living Index: 83
Median Income: $54,680
Median Home Price: $104,810
Median Rent: $684

Located on the border of Canada, International Falls goes by the nickname “Icebox of the Nation.” But if you can withstand the bitter cold, International Falls has some sweet deals for you. The first least expensive homes in Minnesota are in International Falls, where the median home price is $104,810. With residents earning a median income of $54,680, International Falls has one of the best home price to income ratios in the state.

As a budgeting bonus, admission to Smokey Bear Park is totally free. Just don’t get spooked by the 26-foot bear when you drive in.

More on International Falls: Data | Crime | Cost Of Living | Real Estate

Albert Lea, MN

Source: Wikipedia User Jonathunder | CC BY-SA 3.0
Overall SnackAbility

6
/10

Population: 18,434
Overall Cost Of Living Index: 84
Median Income: $56,347
Median Home Price: $145,782
Median Rent: $814

Albert Lea, situated in the southern part of Minnesota, shines as the third most affordable city thanks to its reasonable housing costs, where it ranks 4.0 in home values, and a favorable 2.59 ratio. The city’s economic stability is evident through its placement in the 4th quartile for income levels and a modest 5.12%, ensuring that living expenses are well within reach for its residents. Albert Lea leverages its location at the crossroads of Interstates 35 and 90, offering both affordability and a high quality of life in MN.

More on Albert Lea: Data | Crime | Cost Of Living | Real Estate

Worthington, MN

Source: Wikipedia User Tim Kiser (w:User:Malepheasant) | CC BY-SA 2.5
Overall SnackAbility

6
/10

Population: 13,838
Overall Cost Of Living Index: 84
Median Income: $58,690
Median Home Price: $209,517
Median Rent: $871

It’s definitely worth the savings to consider moving to Worthington in southwestern Minnesota. The city’s cost of living is 18.4% cheaper than the Minnesota average, making it an economical enclave.

According to Zillow data, the city’s housing market is affordable, with a median home value of $209,517. You can use that money you save on housing to add bacon to your next Jucy Lucy.

More on Worthington: Data | Crime | Cost Of Living | Real Estate

Marshall, MN

Source: Wikipedia User Jon Platek | CC BY-SA 3.0
Overall SnackAbility

7
/10

Population: 13,647
Overall Cost Of Living Index: 84
Median Income: $60,532
Median Home Price: $221,674
Median Rent: $715

Next, we marshall you along to Marshall, the fifth least expensive city in the North Star State. Like any upstanding Sargeant, Marshall offers its residents the peace of mind of an overall cost of living 19 points better than the state average.

Located in Lyon County in western Minnesota, Marshall is close to Camden State Park for affordable fun.

More on Marshall: Data | Crime | Cost Of Living | Real Estate

Crookston, MN

Source: Flickr User uberculture | CC BY 2.0
Overall SnackAbility

8
/10

Population: 7,472
Overall Cost Of Living Index: 84
Median Income: $52,557
Median Home Price: $174,805
Median Rent: $825

You don’t need to be a crook to have all the money you need in Crookston, the sixth most inexpensive city in Minnesota. The median home price in Crookston is $174,805 and the median income is $52,557, so paying off the mortgage in Crookston happens in no time flat. With a median rent of $825, Crookston isn’t as affordable for renters, when looked at as a proportion of income.

Crookston is in the northwestern part of the state, a half hour southeast of Grand Forks, North Dakota.

More on Crookston: Data | Crime | Cost Of Living | Real Estate

Austin, MN

Source: Wikipedia User Dtomlins | CC BY-SA 4.0
Overall SnackAbility

6
/10

Population: 26,156
Overall Cost Of Living Index: 86
Median Income: $61,667
Median Home Price: $159,687
Median Rent: $877

Austin ranks as the seventh most affordable city in Minnesota for 2024.

Austin’s overall cost of living index of 86 is supported by low index values for utilities, services, and healthcare. According to Zillow, home prices are only $159,687, which is seventh cheapest in the state.

More on Austin: Data | Crime | Cost Of Living | Real Estate

Fairmont, MN

Source: Wikipedia User Jon Platek | CC BY-SA 3.0
Overall SnackAbility

6
/10

Population: 10,411
Overall Cost Of Living Index: 86
Median Income: $56,744
Median Home Price: $155,351
Median Rent: $748

Fairmont makes the cut as the eighth most affordable place in Minnesota by virtue of having the sixth cheapest homes in the state. The median home price in Fairmont is $155,351 and the median income is $56,744, so it’s a piece of cake paying the mortgage off. Complete with seven parks and countless nature trails, you’ll never go wanting for free entertainment in Fairmont either.

Fairmont is located in the south-central part of Minnesota, near the Iowa border.

More on Fairmont: Data | Crime | Cost Of Living | Real Estate

Waseca, MN

Source: Wikipedia User Tim Kiser (w:User:Malepheasant) | CC BY-SA 2.5
Overall SnackAbility

8
/10

Population: 9,208
Overall Cost Of Living Index: 87
Median Income: $62,632
Median Home Price: $229,401
Median Rent: $838

Waseca snuck onto the list of the least expensive locales in Minnesota this year. With an overall cost of living index of 87, the city is 15.5% cheaper than the Minnesota average city.

Relative to the rest of the list, Waseca scored well for utilities, meaning you’ll pay less for heat and save that money for heating a campfire during a camping trip to Kiesler’s Campground.

More on Waseca: Data | Crime | Cost Of Living | Real Estate

10. Redwood Falls

Redwood Falls, MN

Source: Wikipedia User AlexiusHoratius | CC BY-SA 3.0
Overall SnackAbility

7
/10

Population: 5,091
Overall Cost Of Living Index: 87
Median Income: $64,214
Median Home Price: $149,029
Median Rent: $833

Located in the south-central part of the state, Redwood Falls ranks as the tenth most affordable city in Minnesota. Redwood Falls has the fifth cheapest homes in the state, with a median price tag of $149,029. Coupled with a median income of $64,214, Redwood Falls has the second lowest home price to income ratio in Minnesota. If you stick to free activities like hiking at Alexander Ramsey Park, you’ll have even more money left in your wallet at the end of every week.

More on Redwood Falls: Real Estate

Cheapest places to live in Minnesota FAQs

The county in Minnesota with the lowest cost of living is Faribault County. The average living wage in Faribault County is $83,518 according to MIT data. Faribault County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Minnesota as a whole. Childcare costs $12,417 a year in Faribault County for two children compared to the Minnesota average of $17,401. Housing costs, defined as a blend of the average rent and average mortgage payment, are $8,808 per year in Faribault County compared to $13,400 on average in Minnesota.

The cost of living in Minnesota is 5.2% higher than the US average. According to MIT, the required living wage for a family of four with two working parents in Minnesota is $94,430 vs the national average for a family of four with two working parents of $89,744. The median income of a Minnesota household is $73,382.

The cheapest housing market in Minnesota is Virginia. The average home value in Virginia is $90,800, the lowest in the state. The average home value in Minnesota is $235,700, almost 2.6 times higher than Virginia.

Methodology: How we determined the most affordable places to live in the North Star State for 2024

Map Of The Cheapest Places To Live In Minnesota
Determining affordability for places in Minnesota boils down to how much it costs to live here.

You need to understand your costs relative to what people in the rest of the state are paying.

With that logic in mind, we derived several cost of living statistics from the latest Census American Community Survey 2018-2022 for Minnesota using Saturday Night Science. We indexed the cost of living statistics across the following categories:

  • Housing
  • Transportation
  • Services
  • Groceries
  • Healthcare
  • Utilities

These are then weighted together to produce an overall cost of living index where 100 is the United States average. Anything below 100 is relatively affordable. Anything over 100 is relatively expensive.

We applied the biggest weight to housing as it typically accounts for 25% or more of your budget. Additionally, housing costs are the highest variant cost across a state. We then compare these cost of living metrics for each place in Minnesota to figure out which is the least expensive.

The “Cost of Living Index” allows you to rank all of the 146 places in Minnesota that have more than 5,000 people from least expensive to most expensive. Any ties went to the larger city.

The place in Minnesota with the lowest cost of living according to the data is Thief River Falls.

We updated this article for 2024. This report reflects our tenth time ranking the cheapest places to live in Minnesota.

Minnesota Affordabilility Summary

This is an accurate list of the most affordable places to live in Minnesota for 2024, if you’re looking at the cost of living numbers in Minnesota.

The cheapest cities in Minnesota are Thief River Falls, International Falls, Albert Lea, Worthington, Marshall, Crookston, Austin, Fairmont, Waseca, and Redwood Falls.

Here’s a look at the most expensive cities in Minnesota according to the data:

  1. Orono
  2. North Oaks
  3. Medina

For more Minnesota reading, check out:

Cheapest Places To Live In Minnesota

RankCityPopulationCost Of Living IndexMedian IncomeHome PricesRent
1Thief River Falls8,87183$65,086$188,664$921
2International Falls5,79583$54,680$104,810$684
3Albert Lea18,43484$56,347$145,782$814
4Worthington13,83884$58,690$209,517$871
5Marshall13,64784$60,532$221,674$715
6Crookston7,47284$52,557$174,805$825
7Austin26,15686$61,667$159,687$877
8Fairmont10,41186$56,744$155,351$748
9Waseca9,20887$62,632$229,401$838
10Redwood Falls5,09187$64,214$149,029$833
11Virginia8,41588$49,789$122,426$778
12Faribault24,41889$58,881$275,401$1,044
13Bemidji15,44190$49,799$201,734$955
14New Ulm14,05591$59,985$215,828$883
15Stewartville6,68491$92,961$304,105$945
16Montevideo5,35091$49,435$188,019$762
17Owatonna26,40092$78,295$269,150$925
18Little Falls9,08492$44,455$250,605$775
19Glencoe5,71292$67,547$231,977$851
20Rochester120,84893$83,973$309,298$1,218
21Moorhead44,44393$68,680$257,334$997
22Winona26,08393$52,500$220,768$773
23Detroit Lakes9,96693$60,317$361,398$894
24Kasson6,85593$91,581$298,905$796
25Isanti6,85093$76,146$316,531$1,118
26Mankato44,44494$61,726$283,705$1,023
27Red Wing16,62794$65,107$270,582$910
28Hibbing16,16794$52,881$142,670$698
29Cambridge9,72694$64,286$306,192$1,207
30East Grand Forks9,11894$81,783$260,596$826
31Brooklyn Center33,10995$70,692$278,078$1,249
32South St. Paul20,59895$82,644$280,795$1,094
33Brainerd14,41296$46,933$283,659$799
34Fergus Falls14,10896$48,738$183,271$755
35Cloquet12,55996$59,647$225,901$980
36St. Peter12,03996$67,255$272,777$928
37Belle Plaine7,36396$94,698$337,852$1,256
38Duluth86,77297$63,545$257,413$990
39Fridley29,73197$76,592$302,586$1,227
40North Mankato14,23897$74,602$285,195$886
41Litchfield6,59897$60,804$224,619$878
42St. Paul Park5,49797$92,760$293,855$1,689
43Morris5,09497$59,261$187,428$816
44St. Cloud68,91098$58,910$233,113$944
45Hastings22,06398$87,722$313,784$1,146
46Willmar21,00698$59,132$219,141$791
47West St. Paul20,82098$68,359$296,144$1,204
48Anoka17,89298$73,118$308,373$1,179
49Grand Rapids11,15898$53,317$234,222$946
50North Branch10,96898$94,564$332,334$1,085
51St. Joseph7,06698$74,318$303,966$1,037
52Byron6,37398$126,250$362,923$989
53Lake City5,10898$71,324$289,322$971
54St. Paul308,80699$69,919$278,672$1,174
55Northfield20,51899$83,125$358,052$955
56Hutchinson14,58899$64,635$275,891$841
57Sauk Rapids13,83099$66,442$275,189$927
58Waite Park8,29099$52,391$229,447$1,023
59Spring Lake Park6,96699$74,697$299,120$1,281
60Crystal22,954100$86,288$296,320$1,351
61Mounds View13,100100$89,358$322,091$1,174
62North St. Paul12,465100$77,475$304,655$1,226
63Big Lake11,857100$100,188$351,813$1,282
64La Crescent5,352100$70,813$309,576$953
65Robbinsdale14,452101$80,125$296,059$1,397
66Vadnais Heights12,864101$89,632$354,501$1,155
67St. Francis8,198101$98,390$325,664$1,032
68Zimmerman6,243101$79,720$305,646$1,367
69Chisago City5,576101$92,278$414,242$1,172
70Brooklyn Park84,951102$82,271$327,075$1,244
71Coon Rapids63,296102$85,445$310,442$1,393
72Richfield36,809102$80,712$327,416$1,299
73Monticello14,447102$80,290$310,024$1,263
74Alexandria14,400102$57,309$257,770$852
75Maplewood41,405103$86,769$320,605$1,291
76Little Canada10,624103$69,673$351,425$1,282
77New Prague8,155103$101,579$326,107$1,193
78Wyoming8,037103$99,821$379,394$1,176
79Albertville7,883103$107,316$357,047$1,166
80Minneapolis426,877104$76,332$318,812$1,267
81Inver Grove Heights35,673104$98,719$349,482$1,324
82White Bear Lake24,317104$79,699$332,323$1,460
83Champlin23,666104$113,570$347,903$1,478
84Otsego20,455104$122,420$395,838$1,595
85Bloomington89,244105$87,381$347,523$1,426
86Blaine70,047105$100,659$354,091$1,635
87Oakdale28,029105$86,003$329,457$1,240
88Elk River25,936105$95,597$377,388$1,244
89Farmington23,487105$114,737$373,537$1,214
90Sartell19,382105$74,177$315,131$1,125
91Apple Valley55,594106$97,588$363,468$1,607
92Roseville36,066106$87,702$350,177$1,250
93New Brighton23,141106$84,707$362,922$1,245
94Forest Lake20,553106$91,157$387,584$1,343
95Stillwater19,316106$107,986$417,520$1,449
96Hopkins18,752106$70,058$317,062$1,284
97Buffalo16,288106$81,868$354,423$1,037
98Baxter8,668106$67,064$334,916$1,095
99Dayton7,745106$138,654$473,645$1,181
100Jordan6,648106$111,290$421,455$1,203
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.