Cost Of Living in Luverne, MN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Luverne	Minnesota	National
Cost of living	88	99	100
Goods & Services	91	100	100
Groceries	97	98	100
Health care	103	109	100
Housing	80	100	100
Transportation	91	97	100
Utilities	84	93	100

New Real Estate Listings in Luverne Area

For Sale For Rent

Search

Search Homes for Sale in Luverne, MN

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Luverne is 11% lower than the Minnesota average
The cost of living in Luverne is 12% lower than the national average
Luverne housing is 20% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Luverne

See all the best places to live around Luverne

Compare Luverne, MN Cost of Living

Write a review to give others more information about this area.

See all Luverne poll results

The best places in Minnesota

Here are the best places to live in Minnesota

Most Dangerous States In The US

These are the 10 cheapest cities in Minnesota

Check out the 10 safest cities in Minnesota

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$72,317	$6,026	$1,687	$2,170
Renters	$32,543	$2,712	$759	$976

To approximate the cost of living and the housing affordability in Luverne, MN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Luverne have a median income of $72,317. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,687 per month to avoid calamity and poverty. The renters in the city have an income of about $32,543, which would make their monthly maximum allowable rental costs $759.

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Luverne	National avg.	Difference
Haircut	$24.32	$24.26	0.2%
Beauty Salon	$35.22	$45.56	22.7%
Toothpaste	$3.80	$3.70	2.7%
Shampoo	$1.29	$1.28	0.7%
Movie	$9.36	$12.13	22.9%
Bowling	$16.40	$18.00	8.9%

Groceries

Item	Luverne	National avg.	Difference
Ground Beef	$5.89	$5.84	0.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.75	$4.67	1.7%
Potatoes	$4.63	$4.93	6.2%
Pizza	$10.64	$12.09	12.0%
Beer	$9.33	$10.41	10.4%

Health Care

Item	Luverne	National avg.	Difference
Optometrist	$135.10	$125.68	7.5%
Doctor	$177.33	$135.78	30.6%
Dentist	$108.21	$113.29	4.5%
Ibuprofen	$10.48	$10.65	1.7%
Lipitor	$357.08	$468.60	23.8%

Housing

Item	Luverne	National avg.	Difference
Home Price	$152,500.00	$184,700.00	17.4%
Avg. Mortgage Payment	$2,133.89	$2,346.69	9.1%
Apartment Rent	$703.00	$949.00	25.9%

Transportation

Item	Luverne	National avg.	Difference
Gasoline	$3.28	$3.46	5.3%
Tire Balancing	$49.42	$59.92	17.5%

Utilities

Item	Luverne	National avg.	Difference
All Electricity	$141.67	$193.99	27.0%
Phone	$194.04	$192.25	0.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Kenneth, MN	59	72	28.3%
Leota, MN	153	74	25.7%
Ellsworth, MN	522	76	24.4%
Sherman, SD	40	76	23.6%
Lismore, MN	270	76	23.6%
Luverne, MN	4,557	88	11.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sunnyside, CA	4,557	125	25.1%
Belfair, WA	4,557	113	12.5%
Vilonia, AR	4,556	87	13.4%
Kings Park, VA	4,556	165	64.5%
Castle Pines Village, CO	4,558	202	102.0%
Luverne, MN	4,557	88	11.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Luverne, MN