Cost of Living in Raymond, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.0
100 = national avg
-4.0 vs national average
Living Wage (1 Adult)
$42,248
per year
Living Wage (Family of 4)
$99,858
per year
Cost Index by Category
Housing95.0
Food97.6
Transportation95.2
Healthcare98.1
Utilities97.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$787
per month
2 Bedroom
$973
per month
The overall cost of living index in Raymond is 96.0, which is 4.0% below the national average. Housing costs are below the national average at an index of 95.0. A single adult needs to earn approximately $42,248 per year to cover basic expenses.