Cost of Living in Shelly, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.1
100 = national avg
-27.9 vs national average
Living Wage (1 Adult)
$31,704
per year
Living Wage (Family of 4)
$74,937
per year
Cost Index by Category
Housing50.5
Food89.2
Transportation78.3
Healthcare91.3
Utilities83.6
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 Shelly is 72.1, which is 27.9% below the national average. Housing costs are below the national average at an index of 50.5. A single adult needs to earn approximately $31,704 per year to cover basic expenses.