Cost of Living in Okabena, MN

With a cost of living index of 75, Okabena, MN is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 8% below the Minnesota state average of 82. Okabena is a small community of 200 residents.

Housing costs are the biggest factor in Okabena's cost of living. The median monthly rent is $1,083 (18% below the US median of $1,319), and the median home value sits at $99,300 (67% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Okabena is $98,750, which is 31% higher than the national median of $75,149. Residents spend roughly 13% 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 Okabena. The area sees an average annual temperature of 44.6°F, with summers averaging 69°F and winters around 18°F. Annual rainfall totals 29.3 inches spread over roughly 106 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.