Cost of Living in Alvarado, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.8
100 = national avg
+4.8 vs national average
Living Wage (1 Adult)
$46,112
per year
Living Wage (Family of 4)
$108,991
per year
Cost Index by Category
Housing105.7
Food103.5
Transportation104.2
Healthcare102.8
Utilities103.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Alvarado is 104.8, which is 4.8% above the national average. Housing costs are above the national average at an index of 105.7. A single adult needs to earn approximately $46,112 per year to cover basic expenses.