Cost of Living in Bigfork, MN

With a cost of living index of 81, Bigfork, MN is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Minnesota state average. Bigfork is a small community of 430 residents.

Housing costs are the biggest factor in Bigfork's cost of living. The median monthly rent is $1,157 (12% below the US median of $1,319), and the median home value sits at $147,900 (51% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bigfork is $40,875, which is 46% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.