Cost of Living in Dennison, MN

With a cost of living index of 100, Dennison, MN is right around the national average in cost. Living here is 0% cheaper than the national average and 18% above the Minnesota state average of 82. Dennison is a small community of 214 residents.

Housing costs are the biggest factor in Dennison's cost of living. The median monthly rent is $1,600 (21% above the US median of $1,319), and the median home value sits at $215,600 (29% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Dennison is $51,250, which is 32% lower than the national median of $75,149. Residents spend roughly 37% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

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.