Cost Of Living in Loretto, MN

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B

7%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

23%

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	Loretto	Minnesota	National
Cost of living	107	100	100
Groceries	97	100	100
Health care	102	100	100
Housing	123	100	100
Transportation	100	100	100
Utilities	104	104	100
Lifestyle & Entertainment	99	100	100
Household Items	102	100	100
Education & Childcare	97	99	100

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Homes For Sale In Loretto, MN

220 St Peter St

Loretto, MN

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Cost Of Living Quick Facts

The cost of living in Loretto is 6% higher than the Minnesota average
The cost of living in Loretto is 7% higher than the national average
Loretto housing is 23% higher 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	$138,506	$11,542	$3,232	$4,156
Renters	$59,994	$5,000	$1,400	$1,800

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.
Rockford, MN	4,595	102	1.7%
Montrose, MN	3,624	102	2.0%
Buffalo, MN	16,770	103	2.8%
Robbinsdale, MN	14,767	103	3.3%
Watertown, MN	4,646	104	4.0%
Loretto, MN	761	107	6.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ivalee, AL	761	85	15.1%
Watkins, CO	761	167	66.6%
Waverly, FL	761	98	1.6%
Walnut, IA	761	88	11.8%
Lanesville, IN	761	95	4.9%
Loretto, MN	761	107	6.6%