Cost of Living in Babbitt, MN

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15%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
51%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Babbitt Minnesota National
Cost of living85100100
Groceries100100100
Health care99100100
Housing49100100
Transportation104100100
Utilities107104100
Lifestyle & Entertainment97100100
Household Items100100100
Education & Childcare9899100
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Homes For Sale In Babbitt, MN

property for sale

31 Garden Cir

Babbitt, MN
property for sale

32 Dogwood Blvd

Babbitt, MN
property for sale

50 Beech Ct

Babbitt, MN
property for sale

14 Dogwood Blvd

Babbitt, MN
See the Newest Homes For Sale In Babbitt, MN

Cost Of Living Quick Facts

  • The cost of living in Babbitt is 15% lower than the Minnesota average
  • The cost of living in Babbitt is 15% lower than the national average
  • Babbitt housing is 51% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Babbitt

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Compare Babbitt, MN Cost of Living

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$70,735$5,895$1,650$2,122
      Renters$65,473$5,456$1,528$1,964

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Aurora, MN1,7358218.2%
      Soudan, MN4818316.8%
      Hoyt Lakes, MN2,1608416.2%
      Ely, MN3,4478911.3%
      Babbitt, MN1,5128514.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Millers Creek, NC1,512919.0%
      Pittsfield, NH1,512991.4%
      Fairmount, TN1,51211919.0%
      Patton Village, TX1,5128614.2%
      Cohoe, AK1,51111212.0%
      Babbitt, MN1,5128514.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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