Cost Of Living in Welcome, MN

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15%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

52%

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	Welcome	Minnesota	National
Cost of living	85	100	100
Groceries	100	100	100
Health care	101	100	100
Housing	48	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 Welcome, MN

103 Montgomery St

Welcome, MN

511 Guide St N

Welcome, MN

201 Dugan St S

Welcome, MN

TBD S Guide St

Welcome, MN

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Cost Of Living Quick Facts

The cost of living in Welcome is 15% lower than the Minnesota average
The cost of living in Welcome is 15% lower than the national average
Welcome housing is 52% 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	$93,228	$7,769	$2,175	$2,797
Renters	$49,453	$4,121	$1,154	$1,484

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.
Dunnell, MN	216	76	24.1%
Odin, MN	137	78	22.0%
Ormsby, MN	109	79	21.3%
Ceylon, MN	305	79	20.5%
Dolliver, IA	72	80	20.4%
Welcome, MN	876	85	15.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Montrose, IA	876	84	15.7%
Sedan, KS	876	77	22.7%
Richardton, ND	876	92	8.2%
Zia Pueblo, NM	876	80	19.9%
Beatty, NV	876	92	8.2%
Welcome, MN	876	85	15.3%

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.

Cost of Living in Welcome, MN

Homes For Sale In Welcome, MN

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Welcome

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The best places in Minnesota

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Median Income & Debt-To-Income Ratio

Minnesota Sales Tax

Minnesota Income Tax

Nearby cities with low cost of living

Cities with similar population