Cost of Living in Knife River, MN

With a cost of living index of 96, Knife River, MN is slightly more affordable than average. Living here is 4% cheaper than the national average and 13% above the Minnesota state average of 82. Knife River is a small community of 98 residents.

The median household income in Knife River is $76,106, which is 1% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Knife River. The area sees an average annual temperature of 40.6°F, with summers averaging 65°F and winters around 15°F. Annual rainfall totals 31.2 inches spread over roughly 133 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Duluth, MN-WI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.