Cost of Living in Boyd, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.0
100 = national avg
-37.0 vs national average
Living Wage (1 Adult)
$27,717
per year
Living Wage (Family of 4)
$65,512
per year
Cost Index by Category
Housing20.1
Food91.7
Transportation83.3
Healthcare93.3
Utilities79.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$833
per month
2 Bedroom
$973
per month
The overall cost of living index in Boyd is 63.0, which is 37.0% below the national average. Housing costs are below the national average at an index of 20.1. A single adult needs to earn approximately $27,717 per year to cover basic expenses.