Housing costs in Cloquet?
A typical home costs
$194,600, which is 42.4% less expensive than the national average of
$338,100 and 37.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cloquet costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 6.9% cheaper than the state average of
$1,240.
Can I afford Cloquet?
To live comfortably in Cloquet, Minnesota, a minimum annual income of
$37,440 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Cloquet?
The cost of living in Cloquet, MN is slightly higher than the national average. According to Best Places, the cost of living index in Cloquet is at 97.2 while the U.S. average is 100. The average housing costs are higher than the national average, with an index of 104, though the median household income is also higher than the U.S., with a median income of $45,019 compared to the national median income of $55,322. Groceries, transportation and utilities are all similar to or slightly lower than the U.S. averages respectively. All things considered, Cloquet is still relatively affordable when compared to other cities in Minnesota and beyond its borders.