Cost of Living in Merrifield, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.1
100 = national avg
-3.9 vs national average
Living Wage (1 Adult)
$42,276
per year
Living Wage (Family of 4)
$99,926
per year
Cost Index by Category
Housing107.9
Transportation64.4
Utilities102.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$854
per month
2 Bedroom
$1,120
per month
The overall cost of living index in Merrifield is 96.1, which is 3.9% below the national average. Housing costs are above the national average at an index of 107.9. A single adult needs to earn approximately $42,276 per year to cover basic expenses.