Cost of Living in Lake Shore, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
148.2
100 = national avg
+48.2 vs national average
Living Wage (1 Adult)
$65,206
per year
Living Wage (Family of 4)
$154,122
per year
Cost Index by Category
Housing172.3
Food124.1
Transportation148.2
Healthcare119.3
Utilities128.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$768
per month
2 Bedroom
$973
per month
The overall cost of living index in Lake Shore is 148.2, which is 48.2% above the national average. Housing costs are above the national average at an index of 172.3. A single adult needs to earn approximately $65,206 per year to cover basic expenses.