Total monthly cost of ownership
Cost to Own a Home in Cloquet, Minnesota
A $200,000 home here costs
$1,729per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $701 higher every month — 68% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cloquet against Carlton County and Minnesota
| Measure | Cloquet | Carlton County |
|---|---|---|
| Median home value | $200,100 | $232,000 |
| Median property tax | $2,726 | $2,712 |
| Effective tax rate | 1.362% | 1.169% |
| Median gross rent | $978 | $967 |
| Population | 12,582 | 36,457 |
The weather behind that power bill
Cloquet sits in Carlton County, which averages a high of 78.5°F in its hottest month and a low of 1.7°F in its coldest, with 32.67" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 212 cooling and 9,396 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Carlton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carlton County
Full Carlton County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Cloquet?
A $200,000 home in Cloquet, Minnesota costs approximately $1,729 per month with 20% down at 6.66%. That is $1,028 principal and interest, $227 property tax, $87 homeowners insurance, $220 utilities and $167 set aside for maintenance.
What is the property tax rate in Cloquet?
Cloquet has an effective property tax rate of 1.362%, based on a median home value of $200,100 and median real estate taxes of $2,726. That is higher than the Carlton County average of 1.169%.
What is the average home price in Cloquet?
The median owner-occupied home value in Cloquet, Minnesota is $200,100, against $232,000 across Carlton County.
Is it cheaper to rent or buy in Cloquet?
Median gross rent in Cloquet is $978 a month, against $1,729 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cloquet — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.