Cost of Living in Goodridge, MN
Population: 64 | Minnesota
Goodridge is 22% less expensive than the national average.
Cost of Living in Goodridge, MN: What You Need to Know
With a cost of living index of 78, Goodridge, MN is a very affordable place to live. Living here is 22% cheaper than the national average and 4% below the Minnesota state average of 82. Goodridge is a small community of 64 residents.
The median household income in Goodridge is $39,821, which is 47% 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 Goodridge. The area sees an average annual temperature of 37.7°F, with summers averaging 63°F and winters around 8°F. Annual rainfall totals 24.3 inches spread over roughly 117 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
- $39,821
- vs US Median ($75,149)
- -47%
Housing
- Median Home Value
- $50,800
- Median Monthly Housing Cost
- $543/mo
Climate in Goodridge
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 15 | 19 | 33 | 50 | 65 | 73 | 78 | 76 | 67 | 52 | 34 | 21 |
| Avg °F | 5 | 9 | 24 | 39 | 52 | 62 | 65 | 63 | 55 | 41 | 26 | 12 |
| Low °F | -6 | -2 | 14 | 28 | 40 | 50 | 53 | 51 | 43 | 31 | 17 | 3 |
| Rain" | 0.7 | 0.6 | 1.2 | 1.4 | 2.7 | 3.9 | 3.8 | 3.1 | 2.8 | 2.2 | 1.0 | 0.9 |