Cost of Living in Shafer, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
124.9
100 = national avg
+24.9 vs national average
Living Wage (1 Adult)
$54,950
per year
Living Wage (Family of 4)
$129,881
per year
Cost Index by Category
Housing111.0
Food123.4
Transportation146.8
Healthcare118.7
Utilities116.2
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 Shafer is 124.9, which is 24.9% above the national average. Housing costs are above the national average at an index of 111.0. A single adult needs to earn approximately $54,950 per year to cover basic expenses.