Cost of Living in Palisade, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.6
100 = national avg
-29.4 vs national average
Living Wage (1 Adult)
$31,075
per year
Living Wage (Family of 4)
$73,450
per year
Cost Index by Category
Housing47.3
Food77.7
Transportation121.9
Healthcare82.2
Utilities76.1
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 Palisade is 70.6, which is 29.4% below the national average. Housing costs are below the national average at an index of 47.3. A single adult needs to earn approximately $31,075 per year to cover basic expenses.