Cost of Living in Buckman, MN

With a cost of living index of 75, Buckman, MN is a very affordable place to live. Living here is 25% cheaper than the national average and 7% below the Minnesota state average of 82. Buckman is a small community of 315 residents.

Housing costs are the biggest factor in Buckman's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $222,600 (27% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Buckman is $98,750, which is 31% higher than the national median of $75,149. Residents spend roughly 9% 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.