Cost of Living in Karlstad, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.9
100 = national avg
-14.1 vs national average
Living Wage (1 Adult)
$37,792
per year
Living Wage (Family of 4)
$89,327
per year
Cost Index by Category
Housing69.4
Food96.9
Transportation93.7
Healthcare97.5
Utilities92.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$745
per month
2 Bedroom
$973
per month
The overall cost of living index in Karlstad is 85.9, which is 14.1% below the national average. Housing costs are below the national average at an index of 69.4. A single adult needs to earn approximately $37,792 per year to cover basic expenses.