Cost of Living in Minnesota Lake, MN

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A+
11%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
38%
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 Minnesota Lake Minnesota National
Cost of living89100100
Groceries100100100
Health care101100100
Housing62100100
Transportation97100100
Utilities106104100
Lifestyle & Entertainment99100100
Household Items97100100
Education & Childcare10499100
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Homes For Sale In Minnesota Lake, MN

property for sale

31 E Lake Ave

Minnesota Lake, MN
property for sale

126 Higbie Ave E

Minnesota Lake, MN
property for sale

307 Dove St

Minnesota Lake, MN
property for sale

812 Main St N

Minnesota Lake, MN

Cost Of Living Quick Facts

  • The cost of living in Minnesota Lake is 11% lower than the Minnesota average
  • The cost of living in Minnesota Lake is 11% lower than the national average
  • Minnesota Lake housing is 38% 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 Minnesota Lake

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Compare Minnesota Lake, MN Cost of Living

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      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$95,197$7,933$2,221$2,856
      Renters$62,828$5,236$1,466$1,885

      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.
      Delavan, MN2128218.1%
      Easton, MN2008316.6%
      Wells, MN2,4228515.3%
      Freeborn, MN3318614.5%
      Blue Earth, MN3,2338613.9%
      Minnesota Lake, MN5968911.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bay Port, MI5968515.4%
      Irondale, MO5968316.5%
      Wibaux, MT5968911.3%
      Canova, NM596963.6%
      Higgins, TX5968713.4%
      Minnesota Lake, MN5968911.2%
      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.
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