| Index | St. Peter | Minnesota | National |
| Cost of living | 99 | 100 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 96 | 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 |
Knowing the cost of living in St. Peter allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in St. Peter stands at 99, marking it 1% lower than the national average.
The cost of living in St. Peter is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is St. Peter an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in St. Peter, the median home price is 3.5% lower than what most folks pay across the country, and monthly rent prices are 6.1% lower than the usual rates. Income levels in St. Peter come in at $82,721, which is 1.7% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in St. Peter, is 4.3% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In St. Peter, the transportation index is 2.9% lower than the national average.
The St. Peter cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $109,537 | $9,128 | $2,556 | $3,286 |
| Renters | $50,246 | $4,187 | $1,172 | $1,508 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Kasota, MN | 755 | 91 | 9.1% |
| Le Center, MN | 2,727 | 93 | 7.0% |
| Le Sueur, MN | 4,135 | 94 | 5.6% |
| Janesville, MN | 2,588 | 95 | 5.3% |
| Cleveland, MN | 819 | 95 | 4.7% |
| St. Peter, MN | 12,333 | 99 | 1.0% |
| City | Population | Cost of Living Index | National Avg. |
| Edgewood, WA | 12,324 | 138 | 38.4% |
| Terrace, BC | 12,342 | n/a | |
| Winfield, KS | 12,321 | 84 | 15.9% |
| Spring Lake, NC | 12,346 | 91 | 8.9% |
| Trophy Club, TX | 12,312 | 135 | 34.5% |
| St. Peter, MN | 12,333 | 99 | 1.0% |
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