Cost of Living in Cohasset, MN

With a cost of living index of 87, Cohasset, MN is a very affordable place to live. Living here is 13% cheaper than the national average and 5% above the Minnesota state average of 82. Cohasset is a small community of 2,700 residents.

Housing costs are the biggest factor in Cohasset's cost of living. The median monthly rent is $917 (30% below the US median of $1,319), and the median home value sits at $315,700 (4% above 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 Cohasset is $87,833, which is 17% higher than the national median of $75,149. Residents spend roughly 13% 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.