Cost of Living in Ranier, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.9
100 = national avg
+4.9 vs national average
Living Wage (1 Adult)
$46,153
per year
Living Wage (Family of 4)
$109,088
per year
Cost Index by Category
Housing83.9
Food112.2
Transportation124.4
Healthcare109.8
Utilities104.1
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 Ranier is 104.9, which is 4.9% above the national average. Housing costs are below the national average at an index of 83.9. A single adult needs to earn approximately $46,153 per year to cover basic expenses.