Cost of Living in Biscay, MN

With a cost of living index of 101, Biscay, MN is right around the national average in cost. Living here is 1% more expensive than the national average and 19% above the Minnesota state average of 82. Biscay is a small community of 180 residents.

Housing costs are the biggest factor in Biscay's cost of living. The median monthly rent is $1,714 (30% above the US median of $1,319), and the median home value sits at $187,100 (39% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Biscay is $139,375, which is 85% higher than the national median of $75,149. Residents spend roughly 15% 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.