Olney, MN Cost of Living


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Olney cost of living score
72.4
Less expensive
27.6% lower
than the US average
25.5% lower
than the Minnesota average
Olney, Minnesota gets a BestPlaces Cost of Living score of 72.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.6% lower than the U.S. average and 25.5% higher than the average for Minnesota.

Olney, MN

Housing costs in Olney?
A typical home costs $309,800, which is 8.4% less expensive than the national average of $338,100 and 0.1% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Olney costs $930 per month, which is 35.0% more than the national average of $1,430 and 33.3% more than the state average of $1,240.

Can I afford Olney?
To live comfortably in Olney, Minnesota, a minimum annual income of $59,400 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Olney?
The cost of living in Olney, MN is generally quite affordable. The median household income is lower than the national average, and the median home value is also below the national average. This makes purchasing a home or renting an apartment more reasonable than it would be in many other parts of the country. Additionally, groceries, utilities, healthcare, and transportation costs are all lower than the US average. All of these factors combined make Olney an ideal place to live for those looking to save money and enjoy a small-town lifestyle.
   Cost of living score
     CategoriesOlneyMinnesotaUnited States
  72.497.2100.0
  9597.2100
  83.278.3100.0
  84.3102.9100.0
  $309,800$309,500$338,100
  93.1%95.7%100.0%
  63.796.4100.0
  76.0117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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