Cost of Living in Goodview, MN

Population 4,104 · Minnesota · Data vintage 2023

69
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Goodview offers a notably favorable income-to-housing ratio for its region. The typical home — $215,000 — costs less than 2.9 times median household income of $75,375, a threshold many coastal markets passed a decade ago.

Goodview is about 40 miles east of Rochester, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 25% lower than Rochester's $288,000.

Cost Overview

Housing 71
Rent 67

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

About the Cost of Living in Goodview

The median home value in Goodview is $215,200 — 29% below the national median of $305,000. Median rent runs $884/month, 33% lower than the national median of $1,314/month. The median household income of $75,375/year is 1% higher than the US median of $74,580. The local unemployment rate is 3.6%, 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%. The climate averages highs of 58.6°F and lows of 39.1°F, with about 46.3" of annual snowfall. Overall, Goodview has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.

🏠 Housing

Median Home Value
$215,200
29% below avg
Median Rent
$884/mo
33% below avg
Price-to-Rent Ratio
20.3x
Favors renting
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 66.1%
Renter-occupied 33.9%

💰 Estimated Monthly Budget

Rent median rent
$884
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,498/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
15.6 min
42% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.7%

Commute Mode

Drove alone
81.6%
Carpooled
9.1%
Public transit
0.8%
Walked
1.8%
Bicycle
0.5%
Work from home
4.7%

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
$75,375
1% above avg
Per Capita Income
$39,454
Unemployment Rate
3.6%
25% below avg
Poverty Rate
4.5%
Labor Force Participation
70.4%

🎓 Education

Bachelor's degree+ 28.4%
Graduate degree 6.2%

👥 Demographics

Median Age 41.5
Male median age 42.1
Female median age 40.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.6°F
Avg Low
39.1°F
Annual Precip
35.2"
Annual Snowfall
46.3"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 273346607282858376624633
Low °F 111426385060656254423018
Precip" 1.251.192.043.754.335.084.233.903.632.491.851.49
Snow" 11.89.77.32.90.00.00.00.00.00.33.410.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 28 — Good
79.8%
Good air days/yr
169
Max AQI recorded
119
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Goodview, MN?

Goodview has a cost index of 69 (100 = national average). It is 31% below the national average.

What is average rent in Goodview, MN?

The median gross rent in Goodview is $884 per month based on 2023 Census data.

What is the average home price in Goodview?

The median home value in Goodview is $215,200 according to 2023 Census ACS data.

What is the median income in Goodview?

The median household income in Goodview is $75,375 per year (2023 ACS 5-year estimates).

What is the sales tax in Goodview, MN?

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

Is Goodview, MN affordable?

Yes, Goodview is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.

What is the weather like in Goodview?

Goodview has average high temperatures of 58.6°F and average lows of 39.1°F. Annual precipitation is 35.2". Average annual snowfall is 46.3". Data from NOAA 1991–2020 Climate Normals.

Goodview at a Glance

Population
4,104
Median Income
$75,375
Home Value
$215,200
Median Rent
$884/mo
Unemployment
3.6%
Avg High Temp
58.6°F
Sales Tax
7.4%
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