Cost of Living in Elko New Market, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
206.3
100 = national avg
+106.3 vs national average
Living Wage (1 Adult)
$90,770
per year
Living Wage (Family of 4)
$214,548
per year
Cost Index by Category
Housing236.6
Food162.6
Transportation225.3
Healthcare150.1
Utilities164.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Elko New Market is 206.3, which is 106.3% above the national average. Housing costs are above the national average at an index of 236.6. A single adult needs to earn approximately $90,770 per year to cover basic expenses.