Cost of Living in Canby, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.7
100 = national avg
-15.3 vs national average
Living Wage (1 Adult)
$37,249
per year
Living Wage (Family of 4)
$88,042
per year
Cost Index by Category
Housing70.6
Food95.0
Transportation89.9
Healthcare96.0
Utilities91.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$753
per month
2 Bedroom
$973
per month
The overall cost of living index in Canby is 84.7, which is 15.3% below the national average. Housing costs are below the national average at an index of 70.6. A single adult needs to earn approximately $37,249 per year to cover basic expenses.