Cost Of Living in Lanesboro, MN

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A+

9%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

33%

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	Lanesboro	Minnesota	National
Cost of living	91	100	100
Groceries	100	100	100
Health care	99	100	100
Housing	67	100	100
Transportation	102	100	100
Utilities	108	104	100
Lifestyle & Entertainment	96	100	100
Household Items	100	100	100
Education & Childcare	102	99	100

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Homes For Sale In Lanesboro, MN

36658 Dogwood Rd

Lanesboro, MN

201 Ridgeview Ln S #201

Lanesboro, MN

27333 Deep River Rd

Lanesboro, MN

105 Kenilworth Ave N

Lanesboro, MN

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Cost Of Living Quick Facts

The cost of living in Lanesboro is 9% lower than the Minnesota average
The cost of living in Lanesboro is 9% lower than the national average
Lanesboro housing is 33% 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

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Price difference in compared to

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	$106,409	$8,867	$2,483	$3,193
Renters	$25,750	$2,146	$601	$773

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.
Canton, MN	454	83	17.0%
Wykoff, MN	430	88	12.1%
Mabel, MN	824	87	13.0%
Peterson, MN	267	87	13.0%
Preston, MN	1,237	90	9.6%
Lanesboro, MN	808	91	9.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Oak Creek, CO	808	106	6.0%
Milan, GA	808	82	18.1%
Milo, IA	808	86	13.7%
Sanbornville, NH	808	106	5.6%
Happy Valley, NM	808	96	4.3%
Lanesboro, MN	808	91	9.2%

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.

Cost of Living in Lanesboro, MN

Homes For Sale In Lanesboro, MN

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Lanesboro

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Median Income & Debt-To-Income Ratio

Minnesota Sales Tax

Minnesota Income Tax

Nearby cities with low cost of living

Cities with similar population