Cost of Living in Eveleth, MN

Population 3,470 · Minnesota · Data vintage 2023

44
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $47,721, median household incomes in Eveleth land roughly 36% below the US median, a gap that tends to persist across local labor-market indicators. An unemployment rate of 2.1% points to a labor market well on the tight side of the national distribution.

Eveleth lies roughly 175 miles north of the nearest major metro, St. Paul — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 67% lower than St. Paul's $280,000.

Cost Overview

Housing 30
Rent 64

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Eveleth

The median home value in Eveleth is $91,800 — 70% below the national median of $305,000. Median rent runs $839/month, 36% lower than the national median of $1,314/month. The median household income of $47,721/year is 36% lower than the US median of $74,580. The local unemployment rate is 2.1%, 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, Eveleth has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.

🏠 Housing

Median Home Value
$91,800
70% below avg
Zillow Home Value
$319,480
Zillow ZHVI
Median Rent
$839/mo
36% below avg
Price-to-Rent Ratio
9.1x
Favors buying
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$702
1 BR
$784
2 BR
$937
3 BR
$1,307
4 BR
$1,537
Owner-occupied 68.4%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$839
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,453/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.1 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.0%

Commute Mode

Drove alone
83.9%
Carpooled
7.3%
Public transit
0.3%
Walked
3.8%
Work from home
2.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.8%
Total Sales Tax 7.4%
State rate 6.9%
Avg local rate 0.6%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$47,721
36% below avg
Per Capita Income
$31,337
Unemployment Rate
2.1%
56% below avg
Poverty Rate
19.0%
Labor Force Participation
58.1%

🎓 Education

Bachelor's degree+ 13.6%
Graduate degree 5.7%

👥 Demographics

Median Age 39.1
Male median age 39.8
Female median age 38.2

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.3:1
Student-teacher ratio
5
Public schools
877
Total enrollment

Frequently Asked Questions

What is the cost of living in Eveleth, MN?

Eveleth has a cost index of 44 (100 = national average). It is 56% below the national average.

What is average rent in Eveleth, MN?

The median gross rent in Eveleth is $839 per month based on 2023 Census data.

What is the average home price in Eveleth?

The median home value in Eveleth is $91,800 according to Zillow and Census data.

What is the median income in Eveleth?

The median household income in Eveleth is $47,721 per year (2023 ACS 5-year estimates).

What is the sales tax in Eveleth, MN?

The combined state and local sales tax rate in Eveleth is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Eveleth, MN affordable?

Yes, Eveleth is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.

Eveleth at a Glance

Population
3,470
Median Income
$47,721
Home Value
$91,800
Median Rent
$839/mo
Unemployment
2.1%
Sales Tax
7.4%
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🗺️ County data for Minnesota

Explore county-level cost of living data

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