Cost of Living in Jenkins, MN

With a cost of living index of 86, Jenkins, MN is a very affordable place to live. Living here is 14% cheaper than the national average and 4% above the Minnesota state average of 82. Jenkins is a small community of 472 residents.

Housing costs are the biggest factor in Jenkins's cost of living. The median monthly rent is $1,000 (24% below the US median of $1,319), and the median home value sits at $265,900 (13% below the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Jenkins is $70,500, which is 6% lower than the national median of $75,149. Residents spend roughly 17% 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 Jenkins. The area sees an average annual temperature of 42.2°F, with summers averaging 67°F and winters around 14°F. Annual rainfall totals 24.5 inches spread over roughly 100 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.