Cost of Living in Melrose, MN

Population 3,608 · Minnesota · Data vintage 2023

71
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Melrose 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.

Located 90 miles northwest of Minneapolis, Melrose is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 43% lower than Minneapolis' $346,000.

Cost Overview

Housing 65
Rent 81

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

About the Cost of Living in Melrose

The median home value in Melrose is $198,300 — 35% below the national median of $305,000. Median rent runs $1,061/month, 19% lower than the national median of $1,314/month. The median household income of $58,107/year is 22% lower than the US median of $74,580. The local unemployment rate is 3.3%, 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, Melrose has a cost of living index of 71 versus the US average of 100, meaning it is 29% less expensive.

🏠 Housing

Median Home Value
$198,300
35% below avg
Zillow Home Value
$315,116
Zillow ZHVI
Median Rent
$1,061/mo
19% below avg
Price-to-Rent Ratio
15.6x
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 71.8%
Renter-occupied 28.2%

💰 Estimated Monthly Budget

Rent median rent
$1,061
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,675/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
21.2 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.8%

Commute Mode

Drove alone
72.1%
Carpooled
8.9%
Public transit
0.1%
Walked
8.1%
Bicycle
1.0%
Work from home
9.8%

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
$58,107
22% below avg
Per Capita Income
$33,750
Unemployment Rate
3.3%
31% below avg
Poverty Rate
8.6%
Labor Force Participation
64.0%

🎓 Education

Bachelor's degree+ 9.2%
Graduate degree 8.6%

👥 Demographics

Median Age 43.4
Male median age 45.3
Female median age 42.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
54.5%
Good air days/yr
184
Max AQI recorded
253
PM2.5 days
112
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
22.3:1
Student-teacher ratio
3
Public schools
1,316
Total enrollment

Frequently Asked Questions

What is the cost of living in Melrose, MN?

Melrose has a cost index of 71 (100 = national average). It is 29% below the national average.

What is average rent in Melrose, MN?

The median gross rent in Melrose is $1,061 per month based on 2023 Census data.

What is the average home price in Melrose?

The median home value in Melrose is $198,300 according to Zillow and Census data.

What is the median income in Melrose?

The median household income in Melrose is $58,107 per year (2023 ACS 5-year estimates).

What is the sales tax in Melrose, MN?

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

Is Melrose, MN affordable?

Yes, Melrose is generally considered affordable, with a cost of living index of 71 — about 29% below the US national average of 100.

Melrose at a Glance

Population
3,608
Median Income
$58,107
Home Value
$198,300
Median Rent
$1,061/mo
Unemployment
3.3%
Sales Tax
7.4%
View all cities in Minnesota →
🗺️ County data for Minnesota

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs