Cost of Living in Kensington, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.0
100 = national avg
-27.0 vs national average
Living Wage (1 Adult)
$32,120
per year
Living Wage (Family of 4)
$75,920
per year
Cost Index by Category
Housing58.8
Food86.8
Transportation73.6
Healthcare89.4
Utilities83.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$991
per month
The overall cost of living index in Kensington is 73.0, which is 27.0% below the national average. Housing costs are below the national average at an index of 58.8. A single adult needs to earn approximately $32,120 per year to cover basic expenses.