Cost of Living in Tower, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.7
100 = national avg
-17.3 vs national average
Living Wage (1 Adult)
$36,369
per year
Living Wage (Family of 4)
$85,962
per year
Cost Index by Category
Housing62.8
Food96.0
Transportation92.0
Healthcare96.8
Utilities90.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$978
per month
2 Bedroom
$1,232
per month
The overall cost of living index in Tower is 82.7, which is 17.3% below the national average. Housing costs are below the national average at an index of 62.8. A single adult needs to earn approximately $36,369 per year to cover basic expenses.