Cost of Living in Breckenridge, MN
Population 3,369 · Minnesota · Data vintage 2023
(100 = US avg)
Breckenridge sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Breckenridge is about 45 miles south of Fargo, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 47% lower than Fargo's $270,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Breckenridge
The median home value in Breckenridge is $142,000 — 53% below the national median of $305,000. Median rent runs $502/month, 62% lower than the national median of $1,314/month. The median household income of $57,344/year is 23% lower than the US median of $74,580. The local unemployment rate is 7.0%, above the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Breckenridge has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.
Breckenridge has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Breckenridge, MN?
Breckenridge has a cost index of 43 (100 = national average). It is 57% below the national average.
What is average rent in Breckenridge, MN?
The median gross rent in Breckenridge is $502 per month based on 2023 Census data.
What is the average home price in Breckenridge?
The median home value in Breckenridge is $142,000 according to Zillow and Census data.
What is the median income in Breckenridge?
The median household income in Breckenridge is $57,344 per year (2023 ACS 5-year estimates).
What is the sales tax in Breckenridge, MN?
The combined state and local sales tax rate in Breckenridge is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Breckenridge, MN affordable?
Yes, Breckenridge is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.
Breckenridge at a Glance
- Population
- 3,369
- Median Income
- $57,344
- Home Value
- $142,000
- Median Rent
- $502/mo
- Unemployment
- 7.0%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs