Cost of Living in Taunton, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.1
100 = national avg
-25.9 vs national average
Living Wage (1 Adult)
$32,585
per year
Living Wage (Family of 4)
$77,020
per year
Cost Index by Category
Housing59.3
Food85.8
Transportation83.3
Healthcare88.7
Utilities83.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$834
per month
2 Bedroom
$973
per month
The overall cost of living index in Taunton is 74.1, which is 25.9% below the national average. Housing costs are below the national average at an index of 59.3. A single adult needs to earn approximately $32,585 per year to cover basic expenses.