Cost of Living in Golden Valley, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
165.7
100 = national avg
+65.7 vs national average
Living Wage (1 Adult)
$72,888
per year
Living Wage (Family of 4)
$172,282
per year
Cost Index by Category
Housing213.0
Food137.5
Transportation111.6
Healthcare130.0
Utilities145.1
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 Golden Valley is 165.7, which is 65.7% above the national average. Housing costs are above the national average at an index of 213.0. A single adult needs to earn approximately $72,888 per year to cover basic expenses.