Cost of Living in Elba, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.8
100 = national avg
-3.2 vs national average
Living Wage (1 Adult)
$42,605
per year
Living Wage (Family of 4)
$100,702
per year
Cost Index by Category
Housing83.8
Food103.2
Transportation106.4
Healthcare102.5
Utilities98.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$868
per month
2 Bedroom
$1,066
per month
The overall cost of living index in Elba is 96.8, which is 3.2% below the national average. Housing costs are below the national average at an index of 83.8. A single adult needs to earn approximately $42,605 per year to cover basic expenses.