Cost of Living in Nett Lake, MN

With a cost of living index of 81, Nett Lake, 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. Nett Lake is a small community of 183 residents.

The median household income in Nett Lake is $35,000, which is 53% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Nett Lake. The area sees an average annual temperature of 37.4°F, with summers averaging 63°F and winters around 9°F. Annual rainfall totals 25.4 inches spread over roughly 133 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.