Cost of Living in Morgan, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.7
100 = national avg
-8.3 vs national average
Living Wage (1 Adult)
$40,339
per year
Living Wage (Family of 4)
$95,346
per year
Cost Index by Category
Housing86.1
Food94.9
Transportation98.9
Healthcare95.9
Utilities94.2
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 Morgan is 91.7, which is 8.3% below the national average. Housing costs are below the national average at an index of 86.1. A single adult needs to earn approximately $40,339 per year to cover basic expenses.