Cost of Living in Madison Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.2
100 = national avg
+19.2 vs national average
Living Wage (1 Adult)
$52,442
per year
Living Wage (Family of 4)
$123,954
per year
Cost Index by Category
Housing116.2
Food114.8
Transportation129.7
Healthcare111.9
Utilities112.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$977
per month
2 Bedroom
$1,171
per month
The overall cost of living index in Madison Lake is 119.2, which is 19.2% above the national average. Housing costs are above the national average at an index of 116.2. A single adult needs to earn approximately $52,442 per year to cover basic expenses.