Lowest Cost of Living Neighborhoods in Minnesota (2026 Rankings)
Utility costs are a key part of your monthly budget. We ranked 25 neighborhoods in Minnesota by electricity rate as a proxy for overall cost of living. Lower rates mean more money in your pocket.
Electricity Rate: 9.18¢/kWh
Median Rent: $417/mo
Home Value: $195,000
Property Tax: $7,448/yr
Median Income: $46,870
Electricity Rate: 11.48¢/kWh
Median Rent: $1,594/mo
Home Value: $235,000
Property Tax: $5,435/yr
Median Income: $55,800
Electricity Rate: 11.48¢/kWh
Median Rent: $2,088/mo
Home Value: $295,000
Property Tax: $8,061/yr
Median Income: $60,628
4
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $266,600
Property Tax: $2,460/yr
Median Income: $80,125
5
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $263,500
Property Tax: $2,460/yr
Median Income: $74,177
6
Electricity Rate: 14.10¢/kWh
Median Rent: $808/mo
Home Value: $201,900
Median Income: $68,750
7
Electricity Rate: 14.10¢/kWh
Median Rent: $730/mo
Home Value: $327,500
Median Income: $89,855
8
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $234,300
Property Tax: $2,460/yr
Median Income: $68,680
9
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $303,800
Property Tax: $2,460/yr
Median Income: $100,659
10
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $189,600
Property Tax: $2,460/yr
Median Income: $58,910
11
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $348,300
Property Tax: $2,460/yr
Median Income: $103,924
12
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $315,700
Property Tax: $2,460/yr
Median Income: $85,801
13
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $357,900
Property Tax: $2,460/yr
Median Income: $94,263
14
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $165,200
Property Tax: $2,460/yr
Median Income: $48,738
15
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $447,600
Property Tax: $2,460/yr
Median Income: $130,131
16
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $327,100
Property Tax: $2,460/yr
Median Income: $87,381
17
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $268,800
Property Tax: $2,460/yr
Median Income: $83,973
18
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $409,900
Property Tax: $2,460/yr
Median Income: $125,097
19
Electricity Rate: 14.10¢/kWh
Median Rent: $893/mo
Home Value: $138,500
Median Income: $62,829
20
Electricity Rate: 14.10¢/kWh
Median Rent: $835/mo
Home Value: $194,100
Median Income: $64,844
21
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $282,000
Property Tax: $2,460/yr
Median Income: $86,769
22
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $239,200
Median Income: $81,783
23
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $362,200
Property Tax: $2,460/yr
Median Income: $104,101
24
Electricity Rate: 14.10¢/kWh
Median Rent: $708/mo
Home Value: $208,500
Median Income: $88,772
25
Electricity Rate: 14.10¢/kWh
Median Rent: $850/mo
Home Value: $601,700
Property Tax: $2,460/yr
Median Income: $125,506
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