Cost of Living in Morton, MN

With a cost of living index of 66, Morton, MN is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 17% below the Minnesota state average of 82. Morton is a small community of 432 residents.

Housing costs are the biggest factor in Morton'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 $76,600 (75% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Morton is $63,571, which is 15% lower than the national median of $75,149. Residents spend roughly 16% 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 Morton. The area sees an average annual temperature of 45.4°F, with summers averaging 71°F and winters around 18°F. Annual rainfall totals 28 inches spread over roughly 96 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.