Cost of Living in Hollandale, MN

With a cost of living index of 67, Hollandale, MN is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 15% below the Minnesota state average of 82. Hollandale is a small community of 380 residents.

Housing costs are the biggest factor in Hollandale's cost of living. The median monthly rent is $713 (46% below the US median of $1,319), and the median home value sits at $141,200 (54% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Hollandale is $67,000, which is 11% lower 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. 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 Hollandale. 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.