Cost of Living in Deerwood, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.6
100 = national avg
-1.4 vs national average
Living Wage (1 Adult)
$43,369
per year
Living Wage (Family of 4)
$102,508
per year
Cost Index by Category
Housing101.2
Food97.9
Transportation95.8
Healthcare98.3
Utilities99.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$854
per month
2 Bedroom
$1,120
per month
The overall cost of living index in Deerwood is 98.6, which is 1.4% below the national average. Housing costs are above the national average at an index of 101.2. A single adult needs to earn approximately $43,369 per year to cover basic expenses.