Cost of Living in Lake Shore, MN

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F
29%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
97%
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 Shore Minnesota National
Cost of living129100100
Groceries100100100
Health care99100100
Housing197100100
Transportation100100100
Utilities106104100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare9999100
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Homes For Sale In Lake Shore, MN

property for sale

1128 Wienzel Point Rd

Nisswa, MN
property for sale

1380 Little John Rd

Nisswa, MN
property for sale

7965 Lost Lake Rd #3

Nisswa, MN
property for sale

8038 Lost Lake Rd #230

Nisswa, MN

Cost Of Living Quick Facts

  • The cost of living in Lake Shore is 29% higher than the Minnesota average
  • The cost of living in Lake Shore is 29% higher than the national average
  • Lake Shore housing is 97% higher 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 Shore

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Compare Lake Shore, MN Cost of Living

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      Utilities index
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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$158,150$13,179$3,690$4,745
      Renters$105,437$8,786$2,460$3,163

      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.
      Riverton, MN2118911.0%
      Motley, MN585909.8%
      Brainerd, MN13,746928.3%
      Pillager, MN392937.5%
      Merrifield, MN42946.3%
      Lake Shore, MN1,00212929.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Selma, IN1,0028218.3%
      Spearville, KS1,0028713.1%
      Dortches, NC1,002964.2%
      Amenia, NY1,00211717.0%
      Sykesville, PA1,0028415.5%
      Lake Shore, MN1,00212929.5%
      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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