Cost of Living in Welcome, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.6
100 = national avg
-21.4 vs national average
Living Wage (1 Adult)
$34,577
per year
Living Wage (Family of 4)
$81,728
per year
Cost Index by Category
Housing60.6
Food92.3
Transportation84.6
Healthcare93.8
Utilities87.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$803
per month
2 Bedroom
$973
per month
The overall cost of living index in Welcome is 78.6, which is 21.4% below the national average. Housing costs are below the national average at an index of 60.6. A single adult needs to earn approximately $34,577 per year to cover basic expenses.