Cost of Living in Stockton, MN

With a cost of living index of 81, Stockton, 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. Stockton is a small community of 684 residents.

Housing costs are the biggest factor in Stockton's cost of living. The median monthly rent is $933 (29% below the US median of $1,319), and the median home value sits at $229,000 (25% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Stockton is $83,438, which is 11% 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 Stockton. The area sees an average annual temperature of 48.8°F, with summers averaging 73°F and winters around 22°F. Annual rainfall totals 35.2 inches spread over roughly 123 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.