Cost of Living in Beaver Bay, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.8
100 = national avg
-6.2 vs national average
Living Wage (1 Adult)
$41,284
per year
Living Wage (Family of 4)
$97,581
per year
Cost Index by Category
Housing114.7
Food86.9
Transportation73.9
Healthcare89.6
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$973
per month
2 Bedroom
$1,277
per month
The overall cost of living index in Beaver Bay is 93.8, which is 6.2% below the national average. Housing costs are above the national average at an index of 114.7. A single adult needs to earn approximately $41,284 per year to cover basic expenses.