Cost of Living in Bingham Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.3
100 = national avg
+17.3 vs national average
Living Wage (1 Adult)
$51,634
per year
Living Wage (Family of 4)
$122,043
per year
Cost Index by Category
Housing108.6
Food115.9
Transportation131.8
Healthcare112.7
Utilities111.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$766
per month
2 Bedroom
$973
per month
The overall cost of living index in Bingham Lake is 117.3, which is 17.3% above the national average. Housing costs are above the national average at an index of 108.6. A single adult needs to earn approximately $51,634 per year to cover basic expenses.