Cost of Living in Lake Benton, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.7
100 = national avg
-23.3 vs national average
Living Wage (1 Adult)
$33,750
per year
Living Wage (Family of 4)
$79,772
per year
Cost Index by Category
Housing55.6
Food89.7
Transportation94.5
Healthcare91.8
Utilities85.0
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 Lake Benton is 76.7, which is 23.3% below the national average. Housing costs are below the national average at an index of 55.6. A single adult needs to earn approximately $33,750 per year to cover basic expenses.