Cost of Living in Balaton, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.9
100 = national avg
-12.1 vs national average
Living Wage (1 Adult)
$38,658
per year
Living Wage (Family of 4)
$91,374
per year
Cost Index by Category
Housing88.0
Food91.3
Transportation82.7
Healthcare93.1
Utilities92.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$834
per month
2 Bedroom
$973
per month
The overall cost of living index in Balaton is 87.9, which is 12.1% below the national average. Housing costs are below the national average at an index of 88.0. A single adult needs to earn approximately $38,658 per year to cover basic expenses.