Cost of Living in St. Michael, MN

Population 19,267 · Minnesota · Data vintage 2023

134
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives St. Michael a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $366,000. An unemployment rate of 2.2% points to a labor market well on the tight side of the national distribution.

Located 25 miles northwest of Minneapolis, St. Michael falls within that metro's commuting orbit. Housing prices track closely with Minneapolis' $346,000 median.

Cost Overview

Housing 120
Rent 155

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

About the Cost of Living in St. Michael

The median home value in St. Michael is $365,800 — 20% above the national median of $305,000. Median rent runs $2,038/month, 55% higher than the national median of $1,314/month. The median household income of $130,814/year is 75% higher than the US median of $74,580. The local unemployment rate is 2.2%, 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, St. Michael has a cost of living index of 134 versus the US average of 100, meaning it is 34% more expensive.

🏠 Housing

Median Home Value
$365,800
20% above avg
Median Rent
$2,038/mo
55% above avg
Price-to-Rent Ratio
15.0x
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 91.4%
Renter-occupied 8.6%

💰 Estimated Monthly Budget

Rent median rent
$2,038
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,652/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
32.1 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.9%

Commute Mode

Drove alone
75.6%
Carpooled
7.7%
Public transit
0.3%
Walked
0.3%
Work from home
15.9%

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
$130,814
75% above avg
Per Capita Income
$51,936
Unemployment Rate
2.2%
55% below avg
Poverty Rate
4.0%
Labor Force Participation
78.3%

🎓 Education

Bachelor's degree+ 32.4%
Graduate degree 11.9%

👥 Demographics

Median Age 37.5
Male median age 34.9
Female median age 38.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
52.4%
Good air days/yr
186
Max AQI recorded
236
PM2.5 days
113
Ozone days

Frequently Asked Questions

What is the cost of living in St. Michael, MN?

St. Michael has a cost index of 134 (100 = national average). It is 34% above the national average.

What is average rent in St. Michael, MN?

The median gross rent in St. Michael is $2,038 per month based on 2023 Census data.

What is the average home price in St. Michael?

The median home value in St. Michael is $365,800 according to 2023 Census ACS data.

What is the median income in St. Michael?

The median household income in St. Michael is $130,814 per year (2023 ACS 5-year estimates).

What is the sales tax in St. Michael, MN?

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

Is St. Michael, MN affordable?

St. Michael is above average in cost of living, with an index of 134 — about 34% higher than the national average.

St. Michael at a Glance

Population
19,267
Median Income
$130,814
Home Value
$365,800
Median Rent
$2,038/mo
Unemployment
2.2%
Sales Tax
7.4%
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🗺️ County data for Minnesota

Explore county-level cost of living data

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