Cost of Living in Loretto, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
144.8
100 = national avg
+44.8 vs national average
Living Wage (1 Adult)
$63,719
per year
Living Wage (Family of 4)
$150,608
per year
Cost Index by Category
Housing137.6
Food134.7
Transportation169.4
Healthcare127.8
Utilities128.4
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 Loretto is 144.8, which is 44.8% above the national average. Housing costs are above the national average at an index of 137.6. A single adult needs to earn approximately $63,719 per year to cover basic expenses.