Cost of Living in Mendota, MN

With a cost of living index of 90, Mendota, MN is a very affordable place to live. Living here is 10% cheaper than the national average and 8% above the Minnesota state average of 82. Mendota is a small community of 183 residents.

Housing costs are the biggest factor in Mendota's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $335,000 (10% above the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Mendota is $108,333, which is 44% higher than the national median of $75,149. Residents spend roughly 9% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Mendota. The area sees an average annual temperature of 46.9°F, with summers averaging 72°F and winters around 20°F. Annual rainfall totals 31.6 inches spread over roughly 119 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.