Cost of Living in St. Joseph, MN

With a cost of living index of 86, St. Joseph, MN is a very affordable place to live. Living here is 15% cheaper than the national average and 3% above the Minnesota state average of 82. St. Joseph is a smaller community of 7,024 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in St. Joseph's cost of living. The median monthly rent is $1,139 (14% below the US median of $1,319), and the median home value sits at $240,300 (21% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in St. Joseph is $75,217, which is 0% higher than the national median of $75,149. Residents spend roughly 18% 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. Joseph. The area sees an average annual temperature of 42.9°F, with summers averaging 68°F and winters around 15°F. Annual rainfall totals 28.5 inches spread over roughly 111 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the St. Cloud, 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.