Cost of Living in Warsaw, MN

With a cost of living index of 91, Warsaw, MN is slightly more affordable than average. Living here is 9% cheaper than the national average and 8% above the Minnesota state average of 82. Warsaw is a small community of 690 residents.

Housing costs are the biggest factor in Warsaw's cost of living. The median monthly rent is $1,188 (10% below the US median of $1,319), and the median home value sits at $255,000 (16% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Warsaw is $115,313, which is 53% higher than the national median of $75,149. Residents spend roughly 12% 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 Warsaw. The area sees an average annual temperature of 46.7°F, with summers averaging 72°F and winters around 19°F. Annual rainfall totals 30.6 inches spread over roughly 107 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.