Cost of Living in Oslo, MN

With a cost of living index of 78, Oslo, MN is a very affordable place to live. Living here is 22% cheaper than the national average and 4% below the Minnesota state average of 82. Oslo is a small community of 297 residents.

The median household income in Oslo is $76,250, which is 1% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Oslo. The area sees an average annual temperature of 39.8°F, with summers averaging 67°F and winters around 10°F. Annual rainfall totals 21.7 inches spread over roughly 105 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Grand Forks, ND-MN (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.