Cost of Living in Nerstrand, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.7
100 = national avg
+13.7 vs national average
Living Wage (1 Adult)
$50,040
per year
Living Wage (Family of 4)
$118,277
per year
Cost Index by Category
Housing104.5
Food113.5
Transportation127.1
Healthcare110.8
Utilities109.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$905
per month
2 Bedroom
$1,187
per month
The overall cost of living index in Nerstrand is 113.7, which is 13.7% above the national average. Housing costs are above the national average at an index of 104.5. A single adult needs to earn approximately $50,040 per year to cover basic expenses.