Cost of Living in Randolph, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
146.0
100 = national avg
+46.0 vs national average
Living Wage (1 Adult)
$64,260
per year
Living Wage (Family of 4)
$151,887
per year
Cost Index by Category
Housing157.6
Food127.8
Transportation155.6
Healthcare122.2
Utilities128.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Randolph is 146.0, which is 46.0% above the national average. Housing costs are above the national average at an index of 157.6. A single adult needs to earn approximately $64,260 per year to cover basic expenses.