Cost of Living in Knife River, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
131.6
100 = national avg
+31.6 vs national average
Living Wage (1 Adult)
$57,893
per year
Living Wage (Family of 4)
$136,839
per year
Cost Index by Category
Housing165.7
Food108.2
Transportation116.3
Healthcare106.5
Utilities118.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$973
per month
2 Bedroom
$1,277
per month
The overall cost of living index in Knife River is 131.6, which is 31.6% above the national average. Housing costs are above the national average at an index of 165.7. A single adult needs to earn approximately $57,893 per year to cover basic expenses.