Cost of Living in Wolverton, MN

With a cost of living index of 72, Wolverton, MN is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 10% below the Minnesota state average of 82. Wolverton is a small community of 136 residents.

The median household income in Wolverton is $46,944, which is 38% lower than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Wolverton. The area sees an average annual temperature of 42.2°F, with summers averaging 69°F and winters around 13°F. Annual rainfall totals 24 inches spread over roughly 109 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.