Cost of Living in Farwell, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.0
100 = national avg
-18.0 vs national average
Living Wage (1 Adult)
$36,094
per year
Living Wage (Family of 4)
$85,313
per year
Cost Index by Category
Housing58.3
Food94.7
Transportation103.9
Healthcare95.8
Utilities88.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$803
per month
2 Bedroom
$1,053
per month
The overall cost of living index in Farwell is 82.0, which is 18.0% below the national average. Housing costs are below the national average at an index of 58.3. A single adult needs to earn approximately $36,094 per year to cover basic expenses.