Cost of Living in Heron Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.2
100 = national avg
-14.8 vs national average
Living Wage (1 Adult)
$37,476
per year
Living Wage (Family of 4)
$88,580
per year
Cost Index by Category
Housing62.9
Food100.9
Transportation89.1
Healthcare100.7
Utilities93.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$846
per month
2 Bedroom
$973
per month
The overall cost of living index in Heron Lake is 85.2, which is 14.8% below the national average. Housing costs are below the national average at an index of 62.9. A single adult needs to earn approximately $37,476 per year to cover basic expenses.