Cost of Living in Gem Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
204.0
100 = national avg
+104.0 vs national average
Living Wage (1 Adult)
$89,776
per year
Living Wage (Family of 4)
$212,197
per year
Cost Index by Category
Housing232.6
Food161.8
Transportation223.6
Healthcare149.4
Utilities163.6
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 Gem Lake is 204.0, which is 104.0% above the national average. Housing costs are above the national average at an index of 232.6. A single adult needs to earn approximately $89,776 per year to cover basic expenses.