Cost of Living in Ivanhoe, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.9
100 = national avg
-25.1 vs national average
Living Wage (1 Adult)
$32,966
per year
Living Wage (Family of 4)
$77,919
per year
Cost Index by Category
Housing52.1
Food91.7
Transportation83.4
Healthcare93.4
Utilities85.5
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 Ivanhoe is 74.9, which is 25.1% below the national average. Housing costs are below the national average at an index of 52.1. A single adult needs to earn approximately $32,966 per year to cover basic expenses.