Cost of Living in Lakeland, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
153.9
100 = national avg
+53.9 vs national average
Living Wage (1 Adult)
$67,707
per year
Living Wage (Family of 4)
$160,035
per year
Cost Index by Category
Housing179.6
Food127.5
Transportation154.9
Healthcare122.0
Utilities132.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Lakeland is 153.9, which is 53.9% above the national average. Housing costs are above the national average at an index of 179.6. A single adult needs to earn approximately $67,707 per year to cover basic expenses.