Cost of Living in Luverne, MN

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8%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
19%
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 Luverne Minnesota National
Cost of living92100100
Groceries98100100
Health care95100100
Housing81100100
Transportation93100100
Utilities104104100
Lifestyle & Entertainment93100100
Household Items95100100
Education & Childcare9899100
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Homes For Sale In Luverne, MN

property for sale

708 S Donaldson St

Luverne, MN
property for sale

327 W Main St

Luverne, MN
property for sale

808 N Oakley St

Luverne, MN
property for sale

1140 150th Ave

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

Cost Of Living Quick Facts

  • The cost of living in Luverne is 8% lower than the Minnesota average
  • The cost of living in Luverne is 8% lower than the national average
  • Luverne housing is 19% 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 Luverne

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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$107,617$8,968$2,511$3,229
      Renters$47,567$3,964$1,110$1,427
      To approximate the cost of living and the housing affordability in Luverne, MN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Luverne have a median income of $107,617. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,511 per month to avoid calamity and poverty. The renters in the city have an income of about $47,567, which would make their monthly maximum allowable rental costs $1,110.

      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.
      Kenneth, MN617524.6%
      Leota, MN1597822.0%
      Ellsworth, MN5327921.0%
      Lismore, MN2818020.4%
      Sherman, SD418020.2%
      Luverne, MN4,651928.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bremen, IN4,650919.0%
      Littlestown, PA4,6501000.1%
      South Bound Brook, NJ4,64912625.8%
      Holtville, AL4,653982.2%
      Gibraltar, MI4,653972.7%
      Luverne, MN4,651928.2%
      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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