Cost of Living in Lismore, MN

With a cost of living index of 65, Lismore, MN is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 17% below the Minnesota state average of 82. Lismore is a small community of 259 residents.

Housing costs are the biggest factor in Lismore's cost of living. The median monthly rent is $900 (32% below the US median of $1,319), and the median home value sits at $48,900 (84% below the national median of $304,900). At current prices, the median home costs roughly 0.8x the median household income — well within traditional affordability guidelines.

The median household income in Lismore is $58,490, which is 22% lower than the national median of $75,149. Residents spend roughly 18% 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 Lismore. The area sees an average annual temperature of 45.1°F, with summers averaging 70°F and winters around 19°F. Annual rainfall totals 29.6 inches spread over roughly 108 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.