Cost of Living in Babbitt, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.7
100 = national avg
-20.3 vs national average
Living Wage (1 Adult)
$35,067
per year
Living Wage (Family of 4)
$82,886
per year
Cost Index by Category
Housing65.5
Food91.5
Transportation83.0
Healthcare93.2
Utilities88.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$978
per month
2 Bedroom
$1,232
per month
The overall cost of living index in Babbitt is 79.7, which is 20.3% below the national average. Housing costs are below the national average at an index of 65.5. A single adult needs to earn approximately $35,067 per year to cover basic expenses.