Cost of Living in Nicollet, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.5
100 = national avg
+6.5 vs national average
Living Wage (1 Adult)
$46,868
per year
Living Wage (Family of 4)
$110,780
per year
Cost Index by Category
Housing102.2
Food111.5
Transportation92.7
Healthcare109.2
Utilities107.4
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 Nicollet is 106.5, which is 6.5% above the national average. Housing costs are above the national average at an index of 102.2. A single adult needs to earn approximately $46,868 per year to cover basic expenses.