Cost of Living in Luverne, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.3
100 = national avg
-5.7 vs national average
Living Wage (1 Adult)
$41,472
per year
Living Wage (Family of 4)
$98,025
per year
Cost Index by Category
Housing83.1
Food100.6
Transportation101.1
Healthcare100.4
Utilities97.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Luverne is 94.3, which is 5.7% below the national average. Housing costs are below the national average at an index of 83.1. A single adult needs to earn approximately $41,472 per year to cover basic expenses.