Cost of Living in Hermantown, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
144.8
100 = national avg
+44.8 vs national average
Living Wage (1 Adult)
$63,691
per year
Living Wage (Family of 4)
$150,543
per year
Cost Index by Category
Housing172.0
Food120.3
Transportation140.7
Healthcare116.3
Utilities126.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$978
per month
2 Bedroom
$1,232
per month
The overall cost of living index in Hermantown is 144.8, which is 44.8% above the national average. Housing costs are above the national average at an index of 172.0. A single adult needs to earn approximately $63,691 per year to cover basic expenses.