Cost of Living in St. Peter, MN
Population 12,085 · Minnesota · Data vintage 2023
(100 = US avg)
St. Peter is a smaller Minnesota community of around 12000 residents, where median household incomes of $65,042 and housing costs ($239,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.8% points to a labor market well on the tight side of the national distribution.
St. Peter is about 55 miles southwest of Minneapolis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 31% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in St. Peter
The median home value in St. Peter is $238,700 — 22% below the national median of $305,000. Median rent runs $943/month, 28% lower than the national median of $1,314/month. The median household income of $65,042/year is 13% lower than the US median of $74,580. The local unemployment rate is 1.8%, 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. Peter has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.
🏠 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in St. Peter, MN?
St. Peter has a cost index of 76 (100 = national average). It is 24% below the national average.
What is average rent in St. Peter, MN?
The median gross rent in St. Peter is $943 per month based on 2023 Census data.
What is the average home price in St. Peter?
The median home value in St. Peter is $238,700 according to 2023 Census ACS data.
What is the median income in St. Peter?
The median household income in St. Peter is $65,042 per year (2023 ACS 5-year estimates).
What is the sales tax in St. Peter, MN?
The combined state and local sales tax rate in St. Peter is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is St. Peter, MN affordable?
Yes, St. Peter is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.
St. Peter at a Glance
- Population
- 12,085
- Median Income
- $65,042
- Home Value
- $238,700
- Median Rent
- $943/mo
- Unemployment
- 1.8%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs