Cost of Living in Boyd, MN
Population: 186 | Minnesota
Boyd is 24% less expensive than the national average.
Cost of Living in Boyd, MN: What You Need to Know
With a cost of living index of 76, Boyd, MN is a very affordable place to live. Living here is 24% cheaper than the national average and 6% below the Minnesota state average of 82. Boyd is a small community of 186 residents.
The median household income in Boyd is $54,500, which is 27% lower than the national median of $75,149. 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.
Income
- Median Household Income
- $54,500
- vs US Median ($75,149)
- -27%
Housing
- Median Home Value
- $26,100
- Median Monthly Housing Cost
- $406/mo