Cost of Living in Elgin, MN

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4%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
15%
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 Elgin Minnesota National
Cost of living96100100
Groceries100100100
Health care99100100
Housing85100100
Transportation102100100
Utilities108104100
Lifestyle & Entertainment96100100
Household Items100100100
Education & Childcare10299100
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Homes For Sale In Elgin, MN

property for sale

155 5th Ave NW

Elgin, MN
property for sale

145 Rolling Hills Dr

Elgin, MN
property for sale

135 1st Ave NW

Elgin, MN
property for sale

240 Main St W

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

Cost Of Living Quick Facts

  • The cost of living in Elgin is 4% lower than the Minnesota average
  • The cost of living in Elgin is 4% lower than the national average
  • Elgin housing is 15% 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 Elgin

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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$117,103$9,759$2,732$3,513
      Renters$79,235$6,603$1,849$2,377

      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.
      Millville, MN2788911.4%
      Hammond, MN112918.6%
      Kellogg, MN450937.1%
      Utica, MN262936.9%
      Plainview, MN3,395955.1%
      Elgin, MN1,214963.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vernon Valley, NJ1,21411919.0%
      Bruceton, TN1,2148218.1%
      Buchanan, VA1,214946.3%
      Saint James, NB1,214n/a 
      Bowden, AB1,214n/a 
      Elgin, MN1,214963.7%
      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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