Cost of Living in The Lakes, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
152.9
100 = national avg
+52.9 vs national average
Living Wage (1 Adult)
$67,277
per year
Living Wage (Family of 4)
$159,018
per year
Cost Index by Category
Housing199.8
Food118.0
Transportation135.9
Healthcare114.4
Utilities130.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$852
per month
2 Bedroom
$973
per month
The overall cost of living index in The Lakes is 152.9, which is 52.9% above the national average. Housing costs are above the national average at an index of 199.8. A single adult needs to earn approximately $67,277 per year to cover basic expenses.