Cost of Living in Heron Lake, MN

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16%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
53%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Heron Lake Minnesota National
Cost of living84100100
Groceries100100100
Health care101100100
Housing47100100
Transportation97100100
Utilities106104100
Lifestyle & Entertainment99100100
Household Items97100100
Education & Childcare10499100
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Homes For Sale In Heron Lake, MN

property for sale

211 13th St

Heron Lake, MN
property for sale

Lot 8 Lakeview Ct

Heron Lake, MN
property for sale

Lot 6 Lakeview Ct

Heron Lake, MN
property for sale

Lot 7 Lakeview Ct

Heron Lake, MN

Cost Of Living Quick Facts

  • The cost of living in Heron Lake is 16% lower than the Minnesota average
  • The cost of living in Heron Lake is 16% lower than the national average
  • Heron Lake housing is 53% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Heron Lake

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,540$8,878$2,486$3,197
      Renters$63,235$5,270$1,475$1,897

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Kinbrae, MN4963.5%
      Wilder, MN387228.1%
      Dundee, MN747525.2%
      Bingham Lake, MN1378416.3%
      Okabena, MN2158416.1%
      Heron Lake, MN7298415.5%

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      What Cheer, IA7297821.7%
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      Edenburg, PA729981.6%
      Heron Lake, MN7298415.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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