Cost of Living in Lake George, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.4
100 = national avg
+6.4 vs national average
Living Wage (1 Adult)
$46,799
per year
Living Wage (Family of 4)
$110,616
per year
Cost Index by Category
Housing111.5
Food102.4
Transportation104.7
Healthcare101.9
Utilities103.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$768
per month
2 Bedroom
$1,008
per month
The overall cost of living index in Lake George is 106.4, which is 6.4% above the national average. Housing costs are above the national average at an index of 111.5. A single adult needs to earn approximately $46,799 per year to cover basic expenses.