Cost of Living in Park Rapids, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.6
100 = national avg
-11.4 vs national average
Living Wage (1 Adult)
$38,997
per year
Living Wage (Family of 4)
$92,176
per year
Cost Index by Category
Housing105.3
Food85.0
Transportation70.0
Healthcare88.0
Utilities92.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$768
per month
2 Bedroom
$1,008
per month
The overall cost of living index in Park Rapids is 88.6, which is 11.4% below the national average. Housing costs are above the national average at an index of 105.3. A single adult needs to earn approximately $38,997 per year to cover basic expenses.