States › Minnesota › St. Peter

Is St. Peter, MN expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,15234% lower than U.S. average
💵 Families earn per year (2026)$70,234about $5,853/month · 19% lower than U.S. average
🔑 House price$250,70025% lower than U.S. average

Rent is lower than in 79% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are short, about 15.4 minutes.

How much money do I need?

To rent here comfortably, you should earn about $46,080 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 29 of 150 cities from cheapest to most expensive.

St. Peter
$1,152
East Bethel
$1,875
Big Lake
$1,482
Cloquet
$1,032
North St. Paul
$1,359
Mendota Heights
$2,060
Vadnais Heights
$1,663

How much do households earn in St. Peter?

Under $25k
15.5%
$25k–50k
23.3%
$50k–100k
32.4%
$100k–150k
15.1%
$150k+
7.9%

Share of households by yearly income. 22.9% of households earn $100,000 or more.

Rent by apartment size in St. Peter

SizeSt. PeterU.S. average
1 bedroom$934$1,324
2 bedrooms$1,042$1,509
3 bedrooms$1,361$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is St. Peter overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for St. Peter, so the Minnesota figure is shown.

Taxes and bills in St. Peter

🏛️ Property tax$2,942a year · 1.17% of home value · U.S. $3,119
⚡ Electric bill$127a month (typical) · U.S. $156

Life in St. Peter

Commute to work15.4 minU.S.: 26.4 min
College degree34.5%U.S.: 35.7%
Own their home64.9%U.S.: 65.2%
Below poverty line16.8%U.S.: 12.5%
Unemployment2%U.S.: 5.2%

Is it cheaper to rent or buy in St. Peter?

Renting is cheaper right now: about $588 a month less.

Renting
$1,152
Owning
$1,740

Owning assumes a typical $250,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,070 for the down payment.

Frequently asked questions

What is the average rent in St. Peter, MN?

Renting in St. Peter costs a median of about $1,152 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in St. Peter?

To keep rent under 30% of income, you need about $46,080 a year, or $22 an hour at a full-time job.

Is St. Peter cheap or expensive?

St. Peter is rated Cheap: rent takes 19.7% of the typical household income of $70,234. It ranks 29th cheapest of 150 Minnesota cities we track.

How much are property taxes in St. Peter?

The median homeowner in St. Peter pays $2,942 a year in property taxes, about 1.17% of the median home value.

Is St. Peter more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in St. Peter?

The median home value in St. Peter is $250,700, about 3.6 times the typical yearly household income.

12,185 people live in St. Peter. Numbers are typical (middle) values.