Cost of Living in Savage, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
172.2
100 = national avg
+72.2 vs national average
Living Wage (1 Adult)
$75,788
per year
Living Wage (Family of 4)
$179,136
per year
Cost Index by Category
Housing190.0
Food143.7
Transportation187.5
Healthcare135.0
Utilities144.3
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 Savage is 172.2, which is 72.2% above the national average. Housing costs are above the national average at an index of 190.0. A single adult needs to earn approximately $75,788 per year to cover basic expenses.