Caribou, MN Economy

Caribou, MN is a charming town located in the North Central region of Minnesota. It has an estimated population of less than 4,000 residents and is situated just north of Interstate 94. The cost of living in Caribou is much lower compared to the average US costs making it an attractive location for those looking to get away from the hustle and bustle of city life. In terms of rent, 2 bedrooms apartments are available at an average price of $810 per month whereas the same type of accommodation would cost around $1,430 across the nation. Furthermore, grocery costs in this area are approximately 7% lower than the national average. Caribou offers plenty to do and see with local companies such as Caribou Coffee & Bakery offering delicious treats and Maplewood State Park beloved by hikers and nature-lovers alike.