Cost of Living in Hendrum, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.8
100 = national avg
-14.2 vs national average
Living Wage (1 Adult)
$37,756
per year
Living Wage (Family of 4)
$89,242
per year
Cost Index by Category
Housing83.6
Food90.9
Transportation81.7
Healthcare92.7
Utilities91.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Hendrum is 85.8, which is 14.2% below the national average. Housing costs are below the national average at an index of 83.6. A single adult needs to earn approximately $37,756 per year to cover basic expenses.