Cost of Living in Homer, MN
Population: 189 | Minnesota
Homer is 3% less expensive than the national average.
Cost of Living in Homer, MN: What You Need to Know
With a cost of living index of 97, Homer, MN is slightly more affordable than average. Living here is 3% cheaper than the national average and 15% above the Minnesota state average of 82. Homer is a small community of 189 residents.
The median household income in Homer is $81,250, which is 8% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Homer. The area sees an average annual temperature of 48.8°F, with summers averaging 73°F and winters around 22°F. Annual rainfall totals 35.2 inches spread over roughly 123 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
- $81,250
- vs US Median ($75,149)
- +8%
Housing
- Median Home Value
- $283,300
- Median Monthly Housing Cost
- $1,083/mo
Climate in Homer
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 27 | 33 | 46 | 60 | 72 | 82 | 85 | 83 | 76 | 62 | 46 | 33 |
| Avg °F | 19 | 23 | 36 | 49 | 61 | 71 | 75 | 73 | 65 | 52 | 38 | 25 |
| Low °F | 11 | 14 | 26 | 38 | 50 | 60 | 65 | 62 | 54 | 42 | 30 | 18 |
| Rain" | 1.3 | 1.2 | 2.0 | 3.8 | 4.3 | 5.1 | 4.2 | 3.9 | 3.6 | 2.5 | 1.9 | 1.5 |