Cost of Living in West Concord, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.3
100 = national avg
+6.3 vs national average
Living Wage (1 Adult)
$46,771
per year
Living Wage (Family of 4)
$110,550
per year
Cost Index by Category
Housing88.2
Food112.0
Transportation124.0
Healthcare109.6
Utilities104.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,189
per month
2 Bedroom
$1,407
per month
The overall cost of living index in West Concord is 106.3, which is 6.3% above the national average. Housing costs are below the national average at an index of 88.2. A single adult needs to earn approximately $46,771 per year to cover basic expenses.