Cost of Living in Nelson, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.8
100 = national avg
-12.2 vs national average
Living Wage (1 Adult)
$38,642
per year
Living Wage (Family of 4)
$91,336
per year
Cost Index by Category
Housing90.5
Food90.3
Transportation80.6
Healthcare92.2
Utilities92.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$991
per month
The overall cost of living index in Nelson is 87.8, which is 12.2% below the national average. Housing costs are below the national average at an index of 90.5. A single adult needs to earn approximately $38,642 per year to cover basic expenses.