Cost of Living in Luverne, MN
Population 4,907 · Minnesota · Data vintage 2023
(100 = US avg)
Housing costs in Luverne stay well under national norms: a median home value of $181,000 against median household incomes of $66,145 gives the city one of the more comfortable price-to-income ratios in Minnesota. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.
Geographically, Luverne is about 25 miles east of Sioux Falls, the nearest large metro. Median home values run roughly 33% lower than Sioux Falls' $271,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Luverne
The median home value in Luverne is $181,100 — 41% below the national median of $305,000. Median rent runs $718/month, 45% lower than the national median of $1,314/month. The median household income of $66,145/year is 11% lower than the US median of $74,580. The local unemployment rate is 2.5%, 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 55.5°F and lows of 34.8°F. Overall, Luverne has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
Luverne 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 24 | 29 | 42 | 57 | 69 | 79 | 83 | 80 | 73 | 59 | 42 | 29 |
| Low °F | 6 | 11 | 23 | 34 | 47 | 58 | 61 | 59 | 49 | 37 | 23 | 12 |
| Precip" | 0.71 | 0.89 | 1.80 | 3.26 | 3.79 | 4.99 | 3.44 | 3.23 | 3.08 | 2.30 | 1.27 | 0.86 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Luverne, MN?
Luverne has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in Luverne, MN?
The median gross rent in Luverne is $718 per month based on 2023 Census data.
What is the average home price in Luverne?
The median home value in Luverne is $181,100 according to Zillow and Census data.
What is the median income in Luverne?
The median household income in Luverne is $66,145 per year (2023 ACS 5-year estimates).
What is the sales tax in Luverne, MN?
The combined state and local sales tax rate in Luverne is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Luverne, MN affordable?
Yes, Luverne is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
What is the weather like in Luverne?
Luverne has average high temperatures of 55.5°F and average lows of 34.8°F. Annual precipitation is 29.6". Data from NOAA 1991–2020 Climate Normals.
Luverne at a Glance
- Population
- 4,907
- Median Income
- $66,145
- Home Value
- $181,100
- Median Rent
- $718/mo
- Unemployment
- 2.5%
- Avg High Temp
- 55.5°F
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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