Cost of Living in Moorhead, MN
Updated November 2026 · Clay County · Fargo, ND-MN metro area · population 45,036
Prices in Moorhead are 8.7% below the US average (local index 91.3; the BEA index for the Fargo, ND-MN metro area is 90.9), with utilities the biggest saving at 77.3; a single adult's modelled budget is about $2,170 a month and the median rent is $1,033.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Moorhead's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Fargo, ND-MN metro area, unchanged.
Moorhead price index by category, US average = 100: All items 91.3, Housing (rents) 83.3, Goods 95.7, Utilities 77.3, Other services 91.3
It is the 18th most expensive of the 20 Minnesota cities in our data. Cheaper than 88% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 95.0 | 92.5 | 92.6 | 87.9 | 89.1 | 90.9 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Moorhead, MN
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $633 | $7,596 | 29% |
| Utilities | $206 | $2,472 | 9% |
| Food at home | $270 | $3,240 | 12% |
| Transportation | $582 | $6,984 | 27% |
| Health care | $321 | $3,852 | 15% |
| Clothing, personal care & supplies | $158 | $1,896 | 7% |
| Total | $2,170 | $26,040 | 100% |
2 adults · 2-bedroom · modelled estimate for Moorhead, MN
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $906 | $10,872 | 24% |
| Utilities | $327 | $3,924 | 9% |
| Food at home | $498 | $5,976 | 13% |
| Transportation | $1,152 | $13,824 | 30% |
| Health care | $595 | $7,140 | 16% |
| Clothing, personal care & supplies | $311 | $3,732 | 8% |
| Total | $3,789 | $45,468 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Moorhead, MN
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,386 | $16,632 | 28% |
| Utilities | $398 | $4,776 | 8% |
| Food at home | $710 | $8,520 | 14% |
| Transportation | $1,534 | $18,408 | 31% |
| Health care | $554 | $6,648 | 11% |
| Clothing, personal care & supplies | $402 | $4,824 | 8% |
| Total | $4,984 | $59,808 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Moorhead
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $912 modelled from city median rent |
| 1 bedroom | $729 |
| 2 bedrooms | $1,043 |
| 3 bedrooms | $1,596 |
| 4 bedrooms | $1,781 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,033 |
| Median contract rent (excl. utilities) | $897 |
| Median home value | $249,000 |
| Owner costs with a mortgage | $1,807/mo |
| Median household income | $72,761 |
| Rent as % of renter income Expensive | 32.2% |
| Home value ÷ household income Affordable | 3.4× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Minnesota
17.20¢ per kWh, August 2026
12-month change: +1.8% (from 16.89¢) · US 18.16¢
Average household uses 745 kWh a month in Minnesota ≈ $121/month. Source: EIA-861M (statewide average).
Regular gasoline
$4.02 per gallon, week of 2026-11-02
12-month change: +39.3% (from $2.88) · US $4.15
EIA weekly retail price survey.
Inflation in the Midwest
Consumer prices in the Midwest Census region rose +4.2% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Moorhead are 8.7% below the US average, $60,000 here has the buying power of about $65,700 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 91.3. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| Fargo, ND | 4 mi | 90.1 | $2,322 | $946 |
| Grand Forks, ND | 75 mi | 87.3 | $2,289 | $980 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Evansville, IN | 91.4 | $2,234 | $975 |
| Peoria, IL | 91.4 | $2,191 | $1,005 |
| Memphis, TN | 91.3 | $2,332 | $1,181 |
| Cuyahoga Falls, OH | 91.4 | $2,357 | $1,038 |
| Cedar City, UT | 91.4 | $2,235 | $1,054 |
| Rockford, IL | 91.4 | $2,172 | $985 |
Compare Moorhead with another city
Frequently asked questions
Is Moorhead, MN an expensive place to live?
Moorhead has a local cost of living index of 91.3, which is 8.7% below the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Fargo, ND-MN metro area (90.9) and adjusts housing to Moorhead's own rents. It is 7.3 points below the Minnesota average. It is the 18th most expensive of the 20 Minnesota cities in our data. Cheaper than 88% of the cities we cover.
How much money do you need to live in Moorhead?
Our modelled estimate of basic monthly costs is $2,170 for a single adult, $3,789 for a couple and $4,984 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $54,800 in Moorhead.
What is the average rent in Moorhead?
The median gross rent (rent plus tenant-paid utilities) is $1,033 a month (Census ACS 2020-2024). By size: 1 bedroom $729, 2 bedrooms $1,043, 3 bedrooms $1,596. The typical renter spends 32.2% of household income on rent (expensive).
How much does a house cost in Moorhead?
The median owner-estimated home value is $249,000, 3.4 times the median household income of $72,761 (affordable). Owners with a mortgage pay a median $1,807 a month in housing costs.
How much is electricity and gas in Moorhead?
Minnesota residential electricity averaged 17.20¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $4.02 a gallon (Minnesota average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Fargo, ND-MN metropolitan statistical area (BEA index 90.9) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 2743864 (Moorhead city).
- Electricity: EIA-861M, Minnesota residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Minnesota, week of 2026-11-02.
- Inflation: BLS CPI-U Midwest region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources