Cost of Living in Bovey, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.3
100 = national avg
-7.7 vs national average
Living Wage (1 Adult)
$40,603
per year
Living Wage (Family of 4)
$95,972
per year
Cost Index by Category
Housing75.3
Food101.6
Transportation103.2
Healthcare101.3
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$860
per month
2 Bedroom
$1,074
per month
The overall cost of living index in Bovey is 92.3, which is 7.7% below the national average. Housing costs are below the national average at an index of 75.3. A single adult needs to earn approximately $40,603 per year to cover basic expenses.