Cost of Living in Geneva, MN
Population: 329 | Minnesota
Geneva is 13% less expensive than the national average.
Cost of Living in Geneva, MN: What You Need to Know
With a cost of living index of 87, Geneva, 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. Geneva is a small community of 329 residents.
The median household income in Geneva is $63,750, which is 15% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Geneva. The area sees an average annual temperature of 44.8°F, with summers averaging 69°F and winters around 18°F. Annual rainfall totals 34.7 inches spread over roughly 124 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
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
- $63,750
- vs US Median ($75,149)
- -15%
Housing
- Median Home Value
- $166,100
- Median Monthly Housing Cost
- $850/mo
Climate in Geneva
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 23 | 27 | 40 | 55 | 68 | 78 | 80 | 78 | 72 | 58 | 42 | 28 |
| Avg °F | 15 | 19 | 32 | 45 | 58 | 68 | 71 | 68 | 61 | 48 | 34 | 21 |
| Low °F | 7 | 11 | 23 | 35 | 47 | 58 | 61 | 58 | 50 | 38 | 26 | 14 |
| Rain" | 1.0 | 1.0 | 2.0 | 3.5 | 4.4 | 5.4 | 4.2 | 4.1 | 3.6 | 2.4 | 1.8 | 1.3 |