Cost of Living in Fergus Falls, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.1
100 = national avg
-15.9 vs national average
Living Wage (1 Adult)
$37,014
per year
Living Wage (Family of 4)
$87,487
per year
Cost Index by Category
Housing90.2
Food88.9
Transportation62.2
Healthcare91.1
Utilities91.4
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 Fergus Falls is 84.1, which is 15.9% below the national average. Housing costs are below the national average at an index of 90.2. A single adult needs to earn approximately $37,014 per year to cover basic expenses.