Cost of Living in Forest Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.9
100 = national avg
+41.9 vs national average
Living Wage (1 Adult)
$62,429
per year
Living Wage (Family of 4)
$147,560
per year
Cost Index by Category
Housing168.2
Food118.7
Transportation137.4
Healthcare115.0
Utilities124.9
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 Forest Lake is 141.9, which is 41.9% above the national average. Housing costs are above the national average at an index of 168.2. A single adult needs to earn approximately $62,429 per year to cover basic expenses.