Cost of Living in Twin Lakes, MN
Population: 231 | Minnesota
Twin Lakes is 8% less expensive than the national average.
Cost of Living in Twin Lakes, MN: What You Need to Know
With a cost of living index of 92, Twin Lakes, MN is slightly more affordable than average. Living here is 8% cheaper than the national average and 10% above the Minnesota state average of 82. Twin Lakes is a small community of 231 residents.
The median household income in Twin Lakes is $63,125, which is 16% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Twin Lakes. The area sees an average annual temperature of 40.4°F, with summers averaging 67°F and winters around 11°F. Annual rainfall totals 23.9 inches spread over roughly 103 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.
Income
- Median Household Income
- $63,125
- vs US Median ($75,149)
- -16%
Housing
- Median Home Value
- $227,500
- Median Monthly Housing Cost
- $588/mo
Climate in Twin Lakes
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 18 | 24 | 37 | 53 | 67 | 76 | 80 | 79 | 69 | 54 | 36 | 23 |
| Avg °F | 8 | 12 | 26 | 41 | 54 | 64 | 69 | 67 | 58 | 44 | 28 | 14 |
| Low °F | -3 | 1 | 16 | 29 | 42 | 53 | 57 | 55 | 46 | 34 | 19 | 5 |
| Rain" | 0.4 | 0.4 | 1.0 | 1.7 | 3.1 | 4.1 | 3.9 | 2.8 | 2.7 | 2.4 | 0.8 | 0.5 |