Cost Of Living in Cottonwood, MN

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A+

6%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

21%

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	Cottonwood	Minnesota	National
Cost of living	94	100	100
Groceries	100	100	100
Health care	101	100	100
Housing	79	100	100
Transportation	97	100	100
Utilities	106	104	100
Lifestyle & Entertainment	99	100	100
Household Items	97	100	100
Education & Childcare	104	99	100

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Homes For Sale In Cottonwood, MN

535 W 1st St

Cottonwood, MN

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Cost Of Living Quick Facts

The cost of living in Cottonwood is 6% lower than the Minnesota average
The cost of living in Cottonwood is 6% lower than the national average
Cottonwood housing is 21% 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

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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	$119,377	$9,948	$2,785	$3,582
Renters	$38,646	$3,221	$902	$1,159

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.
Echo, MN	282	80	19.5%
Lucan, MN	171	82	17.8%
Milroy, MN	193	83	17.0%
Vesta, MN	305	84	16.4%
Hanley Falls, MN	479	84	16.3%
Cottonwood, MN	1,223	94	6.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ash Flat, AR	1,223	79	20.6%
Pomona Park, FL	1,223	89	10.8%
Newark, TX	1,223	98	2.3%
Maidstone, SK	1,223	n/a
Sand Point, AK	1,222	115	15.0%
Cottonwood, MN	1,223	94	6.0%