Cost of Living in Lake Henry, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.9
100 = national avg
+13.9 vs national average
Living Wage (1 Adult)
$50,123
per year
Living Wage (Family of 4)
$118,472
per year
Cost Index by Category
Housing68.4
Food128.8
Transportation157.5
Healthcare123.0
Utilities110.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$919
per month
2 Bedroom
$1,206
per month
The overall cost of living index in Lake Henry is 113.9, which is 13.9% above the national average. Housing costs are below the national average at an index of 68.4. A single adult needs to earn approximately $50,123 per year to cover basic expenses.