Cost of Living in Lastrup, MN

With a cost of living index of 66, Lastrup, MN is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 16% below the Minnesota state average of 82. Lastrup is a small community of 112 residents.

Housing costs are the biggest factor in Lastrup's cost of living. The median monthly rent is $725 (45% below the US median of $1,319), and the median home value sits at $127,100 (58% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Lastrup is $65,000, which is 14% 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 Lastrup. 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.