St. Cloud, MN

Very Low · 70

Minnesota · Population 69,926 · Updated March 2026

$1,005
Median Rent / Month
$61,112
Median Income
$212,800
Median Home Value
$1,044
Owner Costs / Month

Affordability

How far your income goes in St. Cloud

19.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$12,060
Annual Rent
$6,020
State Income Tax
$2,362
Property Tax (est.)

Cost of Living Overview

St. Cloud is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 70 (where 100 equals the national median), St. Cloud residents can expect to pay median rent of $1,005/month while earning a median household income of $61,112/year.

The median home value in St. Cloud, MN is $212,800, with typical monthly owner costs around $1,044 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in St. Cloud.

Frequently Asked Questions

Common questions about living costs in St. Cloud

What is the cost of living in St. Cloud, MN?
The cost of living index in St. Cloud, MN is 70 (US average = 100). Median monthly rent is $1,005, median household income is $61,112/year, and the median home value is $212,800.
Is St. Cloud, MN affordable?
Yes, St. Cloud is more affordable than the national average with a cost index of 70. The rent-to-income ratio is 19.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in St. Cloud, MN?
The median gross rent in St. Cloud, MN is $1,005 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,060.
What is the median household income in St. Cloud?
The median household income in St. Cloud, MN is $61,112 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.