Cost of Living in St. Francis, MN

With a cost of living index of 97, St. Francis, MN is slightly more affordable than average. Living here is 3% cheaper than the national average and 15% above the Minnesota state average of 82. St. Francis is a smaller community of 8,279 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in St. Francis's cost of living. The median monthly rent is $1,183 (10% below the US median of $1,319), and the median home value sits at $297,800 (2% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in St. Francis is $101,875, which is 36% higher than the national median of $75,149. Residents spend roughly 14% 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 St. Francis. The area sees an average annual temperature of 45.8°F, with summers averaging 71°F and winters around 19°F. Annual rainfall totals 30.7 inches spread over roughly 0 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.