Cost of Living in Elizabeth, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.6
100 = national avg
+1.6 vs national average
Living Wage (1 Adult)
$44,709
per year
Living Wage (Family of 4)
$105,675
per year
Cost Index by Category
Housing109.7
Food97.8
Transportation95.5
Healthcare98.2
Utilities100.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$749
per month
2 Bedroom
$983
per month
The overall cost of living index in Elizabeth is 101.6, which is 1.6% above the national average. Housing costs are above the national average at an index of 109.7. A single adult needs to earn approximately $44,709 per year to cover basic expenses.