Cost of Living in Cottonwood, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.0
100 = national avg
+17.0 vs national average
Living Wage (1 Adult)
$51,461
per year
Living Wage (Family of 4)
$121,635
per year
Cost Index by Category
Housing99.3
Food119.4
Transportation138.7
Healthcare115.5
Utilities111.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$834
per month
2 Bedroom
$973
per month
The overall cost of living index in Cottonwood is 117.0, which is 17.0% above the national average. Housing costs are below the national average at an index of 99.3. A single adult needs to earn approximately $51,461 per year to cover basic expenses.