Get updates delivered to you daily. Free and customizable.
Just Go
5 Cheapest Places to Live in Minnesota
2021-08-23
Lauren Richmond/Unsplash
There's more to the Land of 10,000 Lakes than politeness, cheese curds, and ice fishing. In addition to its low unemployment rate, Minnesotans enjoy excellent schools, good quality of life, and affordability.
Find out where you can live in Minnesota with a budget that won't break the bank. It's important to know that these might not always be the most affordable cities in Minnesota. Instead, HomeSnacks examined the average cost of living and critical components such as transportation, housing, dining options, and utilities. We identified 5 cities that offered a good balance between affordability and quality of life using this information. Take a look:
Follow me to see more articles like this.
...
Top 5:Crookston
The city of Crookston is located in Minnesota, U.S.A. Polk County is centered in this city. Near the Minnesota border, Grand Forks lies along the U.S. 2 east-west highway corridor.
Crookston has a 4.9% unemployment rate. Jobs have been growing recently. The number of jobs in Crookston has increased by 0.6%. Crookston's cost of living compares favorably with that of the rest of the country by 22.0%. 7631 people live in Crookston.
Its population has declined by 1.5% since 2020. Real Estate: $131,300 is the median home price in Crookston. Over the past decade, home appreciation has declined by -2.6%. Crookston students receive $11,022 in funding. On average, schools spend $12,383 per student across the United States. In Crookston, there are 14.1 students for every teacher. Crookston is a great place to buy. The home value of the median household in the last 12 months appreciated by 5.3%. There are 153,800 homes for sale in Crookston.
Top 4:Kasson
Kasson is located in Dodge County, Minnesota. It is located 13 miles west of Rochester along U.S. Highway 14, part of Minnesota State Highway 57. Festival in the Park is a volunteer-run event held every August in Kasson, celebrating the town's heritage and bringing locals together.
There are 4,9% of unemployed Kasson residents. Kasson jobs have increased by 0.4%. Kasson has a lower cost of living than the rest of the country, by 6.6%. 6530 people live in Kasson. Its population has grown by 9.2% since 2020.
Approximately $10,095 is spent per student in Kasson public schools. The average American student pays $12,383 on educational expenses each year. Kasson has a student-to-teacher ratio of 17.6. Buying in Kasson at this time is a great idea. In the last year, home appreciation has increased by 7.1%. Kasson offers 2386,600 housing options.
Top 3: Montevideo
In Chippewa County, Minnesota, Montevideo is a city. Montevideo was portrayed as Audubon, Minnesota, in Sweet Land. In 2000, Montevideo won the Real World Road Rules Challenge.
The unemployment rate in Montevideo is 4.4%. Employment has declined in recent months. There are 1,0 percent fewer jobs in Montevideo. Montevideo has a cost of living that is 29.5% lower than New York City. Montevideo is home to 527 people.
Its population has declined by 3.6% since 2020. Real Estate: $89,000 is the median home price in Montevideo. Home values have appreciated by 5.3% over the past ten years. In Montevideo's public schools, students receive annual funding of $13,118. Approximately $12,383 is spent by students on educational expenses every year in the United States. The number of students per teacher in Montevideo is 15.1. It's an excellent time to buy in Montevideo.
There are 117,000 homes for sale in Montevideo.
Top 2: New Ulm
The city of New Ulm, Minnesota, is located in Brown County. Brown County is centered in this city. The city has so many unique attractions to visit year-round: Hermann Monument, Schell's Brewery, Way of the Cross, Brown County History Museum, the Glockenspiel, the Heritage Tree, the Cathedral, Turner Hall, and many more.
With an unemployment rate of 4.8%, New Ulm has a low rate of unemployment. There has been a recent increase in jobs. There was an increase of 1.6% in new jobs in Ulm. 13,141 people are living in New Ulm.
Its population has decreased by 1.9% since 2020. Real Estate: $161,500 is the median home price in New Ulm. The value of homes in New Ulm has appreciated by 5.2%. Spending per New Ulm student is $11,723 in public schools. Approximately $12,383 is spent by students on educational expenses every year in the United States. A total of 15.5 teachers teach in New Ulm. It's a great time to buy in New Ulm. During the past year, the value of homes has appreciated by 5.5%.79,400 homes are for sale in New Ulm.
Top 1:Hibbing
St Louis County, Minnesota, contains the city of Hibbing. Iron ore can be found in Hibbing's world-largest mine, which Leonidas Merritt founded. The iron ore mines such as those in Mahoning, Hull, Rust, Sellers, and Burt gave Hibbing a tremendous rise in its early years.
There are 4.8% of unemployed residents in Hibbing. Recent job growth has been observed. The number of jobs in Hibbing has increased by 1.6%. As a whole, Hibbing has a lower cost of living than the rest of the nation, by 25.7%. Hibbing's population is 15,716 people. Its population has declined by more than 1% since 2020.
In Hibbing, Real Estate: $90,400 is the median home price. The value of homes has appreciated by 3.5%. In Hibbing, $11,042 is provided per student to each public school. American students pay an average of $12,383 for educational costs each year. There are approximately 18.6 students in Hibbing. Buying a home in Hibbing is a fantastic idea right now. The value of homes has appreciated by 9.5%. Hibbing has 118600 homes on the market.
Are any of these towns in Minnesota attractive to you? Which of these places surprised you the most? Let us know in the comments.
Get updates delivered to you daily. Free and customizable.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.
Local News
Comments / 0