Cost of Living in Chisholm, MN
Population 4,731 · Minnesota · Data vintage 2023
(100 = US avg)
Chisholm 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. The labor market has been unusually tight, with unemployment around 2.0% — below most comparable cities in the state.
Chisholm lies roughly 175 miles north of the nearest major metro, Minneapolis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 69% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Chisholm
The median home value in Chisholm is $108,100 — 65% below the national median of $305,000. Median rent runs $785/month, 40% lower than the national median of $1,314/month. The median household income of $54,815/year is 27% lower than the US median of $74,580. The local unemployment rate is 2.0%, below 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, Chisholm has a cost of living index of 45 versus the US average of 100, meaning it is 55% less expensive.
Chisholm 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 Chisholm, MN?
Chisholm has a cost index of 45 (100 = national average). It is 55% below the national average.
What is average rent in Chisholm, MN?
The median gross rent in Chisholm is $785 per month based on 2023 Census data.
What is the average home price in Chisholm?
The median home value in Chisholm is $108,100 according to Zillow and Census data.
What is the median income in Chisholm?
The median household income in Chisholm is $54,815 per year (2023 ACS 5-year estimates).
What is the sales tax in Chisholm, MN?
The combined state and local sales tax rate in Chisholm is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Chisholm, MN affordable?
Yes, Chisholm is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.
Chisholm at a Glance
- Population
- 4,731
- Median Income
- $54,815
- Home Value
- $108,100
- Median Rent
- $785/mo
- Unemployment
- 2.0%
- 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