Cost of Living in McKinley, MN

With a cost of living index of 81, McKinley, MN is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Minnesota state average. McKinley is a small community of 99 residents.

The median household income in McKinley is $56,250, which is 25% lower than the national median of $75,149. 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 McKinley. The area sees an average annual temperature of 36.9°F, with summers averaging 61°F and winters around 10°F. Annual rainfall totals 24.8 inches spread over roughly 113 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.