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Cost of living, pay and housing

44.27° N · 94.19° W · GEOID 2746150

Nicollet

Nicollet County, Minnesota · part of the Mankato, MN metro

Limited data population under 5,000

MinnesotaNicollet, MNNicolletNicollet

The short answer

Nicollet is home to 957 people. Median household income is $84,643 a year and median rent is $855 a month, 12.1% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $239,700, about 2.8x annual median household income.

Median gross rent
$855
37% below the median place
Median household income
$84,643
5% above the median place
Median home value
$239,700
25% below the median place
Unemployment
2.2%
56% below the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Nicollet

  • The median rent takes only 12.1% of the median household's income, a smaller share than in 95% of the 2,480 places under 10,000 people we track.
  • The median resident is 32.8 years old, younger than in 88% of places its size.
  • Counting remote workers as zero, the average worker spends about 125 hours a year commuting, less than in 85% of places its size.
01

Moving to Nicollet

Nicollet County loses about 3.1 residents per 1,000 a year to moves between counties.

Moved in1,996
Moved out2,085
Net−89

Where people come from and where they go, top counties

Cottonwood County, MN69
Sibley County, MN49

Within Minnesota, other states or abroad

Arrivals
Leavers
Within MinnesotaOther states

Income per tax return

Arrivals$56K
Leavers$56K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Nicollet County; flows under 20 returns are not published.

Who moves here
8.2% of residents arrived from another county in the past year, 0.0% from another state. County figure.
Who arrives and who leaves
Households moving into Nicollet County report $56,200 a year in income on average; those leaving, $55,500.
Income you would need
$34,200 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $855 a month; owners with a mortgage pay $1,550 a month including taxes and insurance, on a median home of $239,700.
Getting to work
19 minutes each way on average; 13.9% work from home.
If it is close but not quite
Holtville, AL matches it on character. Compare the two
Moved from another state1
0.0%
below the median place (median 2.0%)
Income of households moving out8
$55,532
21% below the median place
Income of households moving in8
$56,179
20% below the median place
All 5 moving measures
MeasureNicolletAmong 6,645 placesVs median
Moved here in the past year1County figure8.2%43% above
Moved from another state10.0%below (median 2.0%)
Net movers per 1,000 people8County figure-3.1below (median -0.6)
Income of households moving in8County figure$56,17920% below
Income of households moving out8County figure$55,53221% below
02

What it costs to live here

Rent to income is 12.1%, 41% below the median place.

Nicollet12.1%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$34,200
a year, at the 30% line
Rent to income
12.1%
41% below the median place
Home price to income
2.8x
26% below the median place

Could you afford it?

The median rent would take
12%
comfortably under the 30% line
Left after rent, in US prices
$80,200
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Nicollet, $855 a month, and local prices for everything else (93.2 against a US average of 100). It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Nicollet.

Sponsored · exampleMoving to Nicollet? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Owner costs with a mortgage1
$1,550
17% below the median place
Median home value1
$239,700
25% below the median place
Property tax paid (median)1
$2,560
22% below the median place
All 16 cost and housing measures
MeasureNicolletAmong 6,645 placesVs median
Median gross rent1$85537% below
Rent to income112.1%41% below
Property tax rate11.1%18% above
Home price to income12.8x26% below
Prices vs US average2Metro figure91.010% below
Fair market rent, 2 bedrooms3County figure$1,23024% below
HUD area median income4County figure$106,5001% below
Property tax paid (median)1$2,56022% below
Median home value1$239,70025% below
Home prices, 1-year change5County figure3.3%3% above
Home prices, 5-year change5County figure39.1%24% below
Homeownership165.7%1% below
Renters paying 30%+1County figure40.3%20% below
Owner costs with a mortgage1$1,55017% below
Vacant homes1County figure4.4%38% below
Median year built119820% above
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Mean commute1
19 min
24% below the median place
Poverty rate1
6.6%
39% below the median place

More on work and pay, against the typical place

Works from home13.9% +12%
Income per person$42,738 +7%
Median household income$84,643 +5%
All 10 work and pay measures
MeasureNicolletAmong 6,645 placesVs median
Median household income1$84,6435% above
Income per person1$42,7387% above
Unemployment1County figure2.2%56% below
Average annual pay6County figure$58,15712% below
Pay growth, 1 year6County figure3.4%8% below
Jobs6County figure14,59990% below
Poverty rate16.6%39% below
Mean commute119 min24% below
Works from home113.9%12% above
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Homes with broadband is 84.8%, 8% below the median place.

Homes with broadband1
84.8%
8% below the median place
Median age1
32.8
16% below the median place
Population change since 20207
-1.5%
below the median place (median 1.1%)

More about who lives here, against the typical place

Bachelor's or higher24.2% −24%
Household size2.5 −1%
High school or higher92.3% −0%
All 9 people measures
MeasureNicolletAmong 6,645 placesVs median
Population19576646th largest
Population change since 20207-1.5%below (median 1.1%)
Median age132.816% below
Bachelor's or higher124.2%24% below
High school or higher192.3%0% below
Household size12.51% below
Born abroad1County figure4.6%48% below
No health insurance1County figure3.4%47% below
Homes with broadband184.8%8% below
05

Life in Nicollet

24 sites are on the National Register of Historic Places.

Businesses per 10,000 residents (county figures)

Restaurants and bars15.7 −25%
Shops23.5 −22%
Arts, recreation and fitness3.8 −7%
Doctors' offices and clinics10.8 −47%
Child care centers3.2 +39%

Counts businesses with paid staff, so small owner-run shops are not included.

Public school students11
314
94% below the median place
Public schools11
3
67% below the median place
Students per teacher11
13.1
15% below the median place
All 9 schools and local life measures
MeasureNicolletAmong 6,645 placesVs median
Public schools11367% below
Public school students1131494% below
Students per teacher1113.115% below
Restaurants and bars per 10k9County figure15.725% below
Shops per 10k9County figure23.522% below
Arts, recreation and fitness per 10k9County figure3.87% below
Doctors' offices and clinics per 10k9County figure10.847% below
Child care centers per 10k9County figure3.239% above
National Register listings10County figure2485% above
06

Safety, weather and risk

January average low is 6°F, 76% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Nicollet. Larger places are fetched first.

January average low12
6°F
76% below the median place
Average temperature12
45°F
18% below the median place
Natural hazard risk13
45.4
51% below the median place
All 10 weather and risk measures
MeasureNicolletAmong 6,645 placesVs median
July average high12County figure82°F5% below
January average low12County figure6°F76% below
Average temperature12County figure45°F18% below
Annual precipitation12County figure30.9 in29% below
Natural hazard risk13County figure45.451% below
Tornado risk13County figure57.030% below
Wildfire risk13County figure17.372% below
Heat wave risk13County figure52.142% below
Median air quality index14Metro figure422% below
Good air days14Metro figure65.3%5% below
08

Nicollet in 2030: where the trends point

If recent trends hold, the median rent will take about 12% of the median income in 2030, about the same as 12% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$855/mo (2024)$1,080/mo$890 to $1,320/mo+4.0%
Median household income$84,643 (2024)$106,000$90,000 to $125,500+3.9%
Median home value$239,700 (2024)$343,000$249,000 to $473,000+6.2%
Population1,127 (2025)1,1201,070 to 1,160−0.2%

The median home would be worth 3.2 years of the median income in 2030, against 2.8 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Nicollet

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Holtville, AL$954$76,652Compare
Union, MO$858$73,435Compare
Gillette, WY$976$81,316Compare
Harrah, OK$939$84,375Compare
Harrah, OKGillette, WYUnion, MOHoltville, ALNicollet, MNNicolletHoltvilleUnionGilletteHarrahNicolletHoltvilleUnionGilletteHarrah

Common questions

Is Nicollet a good place to live?

It depends on what you need, so here is what the numbers say. The median rent takes only 12.1% of the median household's income, a smaller share than in 95% of the 2,480 places under 10,000 people we track. The median resident is 32.8 years old, younger than in 88% of places its size. On cost, space and class size it scores 89 out of 100 for families. See how it ranks with your own weights.

Is Nicollet expensive to live in?

The median rent takes 12.1% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $239,700.

What salary do you need to live in Nicollet?

To rent the median home without spending more than 30% of income on rent, a household needs about $34,200 a year. Work it out from your current city.

What places are similar to Nicollet?

On income, rent, home value, education and age, the closest matches are Holtville, AL, Union, MO, Gillette, WY and Harrah, OK.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  11. Common Core of Data · National Center for Education Statistics · 2024 release
  12. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  13. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  14. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Nicollet with places of a similar size, using only figures measured for Nicollet itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/nicollet-minnesota

Citytistics. “Nicollet, Minnesota.” Data as of 2026-11-14. https://www.citytistics.com/city/nicollet-minnesota/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.