Cost of Living in Homer, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
129.5
100 = national avg
+29.5 vs national average
Living Wage (1 Adult)
$56,977
per year
Living Wage (Family of 4)
$134,673
per year
Cost Index by Category
Housing150.6
Food112.1
Transportation124.2
Healthcare109.7
Utilities117.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$868
per month
2 Bedroom
$1,066
per month
The overall cost of living index in Homer is 129.5, which is 29.5% above the national average. Housing costs are above the national average at an index of 150.6. A single adult needs to earn approximately $56,977 per year to cover basic expenses.