Cost of Living in Minnesota Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.8
100 = national avg
-6.2 vs national average
Living Wage (1 Adult)
$41,291
per year
Living Wage (Family of 4)
$97,597
per year
Cost Index by Category
Housing88.0
Food98.1
Transportation96.1
Healthcare98.4
Utilities96.4
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 Minnesota Lake is 93.8, which is 6.2% below the national average. Housing costs are below the national average at an index of 88.0. A single adult needs to earn approximately $41,291 per year to cover basic expenses.