Cost of Living in Adams, MN

With a cost of living index of 68, Adams, MN is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 14% below the Minnesota state average of 82. Adams is a small community of 764 residents.

Housing costs are the biggest factor in Adams's cost of living. The median monthly rent is $692 (48% below the US median of $1,319), and the median home value sits at $160,400 (47% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Adams is $85,000, which is 13% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.