Cost of Living in Chisholm, MN

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14%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
49%
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 Chisholm Minnesota National
Cost of living86100100
Groceries100100100
Health care99100100
Housing51100100
Transportation104100100
Utilities107104100
Lifestyle & Entertainment97100100
Household Items100100100
Education & Childcare9899100
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Homes For Sale In Chisholm, MN

property for sale

211 10th St NW

Chisholm, MN
property for sale

304 2nd Ave NW

Chisholm, MN
property for sale

335 9th St NE

Chisholm, MN
property for sale

512 Memorial Dr

Buhl, MN
See the Newest Homes For Sale In Chisholm, MN

Cost Of Living Quick Facts

  • The cost of living in Chisholm is 15% lower than the Minnesota average
  • The cost of living in Chisholm is 14% lower than the national average
  • Chisholm housing is 49% 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 Chisholm

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      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$80,888$6,741$1,887$2,427
      Renters$37,001$3,083$863$1,110
      A good way to judge both the affordability of the housing and the cost of living in Chisholm is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Chisholm has a median income of about $80,888 for people who own homes. Based on that number, a maximum of $1,887 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,001. Based on this average, renters should spend no more than $863 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Kinney, MN1928119.3%
      Keewatin, MN1,3058416.1%
      Leonidas, MN398415.9%
      Nashwauk, MN1,1398811.9%
      Hibbing, MN16,4178911.2%
      Chisholm, MN5,0258614.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Colorado City, AZ5,0251021.8%
      Byram, CT5,02518787.0%
      Glendora, NJ5,0251022.0%
      Ocean Bluff-Brant Rock, MA5,02413535.2%
      Davison, MI5,0248812.4%
      Chisholm, MN5,0258614.3%
      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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