Cost of Living in Lake Benton, MN

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18%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
51%
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 Lake Benton Minnesota National
Cost of living82100100
Groceries98100100
Health care95100100
Housing49100100
Transportation93100100
Utilities104104100
Lifestyle & Entertainment93100100
Household Items95100100
Education & Childcare9899100
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Homes For Sale In Lake Benton, MN

property for sale

1555 US Highway 75

Lake Benton, MN
property for sale

220 Fremont St S

Lake Benton, MN
property for sale

112 Bluff St E

Lake Benton, MN
property for sale

TBD Block 1 Lot 1 County Road 124

Lake Benton, MN

Cost Of Living Quick Facts

  • The cost of living in Lake Benton is 18% lower than the Minnesota average
  • The cost of living in Lake Benton is 18% lower than the national average
  • Lake Benton housing is 51% 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 Lake Benton

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Compare Lake Benton, MN Cost of Living

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$90,183$7,515$2,104$2,706
      Renters$30,141$2,512$703$904

      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.
      Ward, SD33963.5%
      Arco, MN73963.5%
      Holland, MN1848119.4%
      Ruthton, MN2438118.8%
      Ivanhoe, MN6408217.7%
      Lake Benton, MN6598217.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Littletown, AZ659909.7%
      Acacia Villas, FL6591022.0%
      Farmington, IA6597920.9%
      Hayden Lake, ID65914545.1%
      Coffeen, IL6598019.5%
      Lake Benton, MN6598217.6%
      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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