Cost of Living in Mountain Lake, MN

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15%
Overall NAT. AVG.
0%
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 Mountain Lake Minnesota National
Cost of living85100100
Groceries100100100
Health care101100100
Housing49100100
Transportation97100100
Utilities106104100
Lifestyle & Entertainment99100100
Household Items97100100
Education & Childcare10499100
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Homes For Sale In Mountain Lake, MN

property for sale

307 Sunset Ave

Mountain Lake, MN
property for sale

1319 3rd Ave

Mountain Lake, MN
property for sale

614 11th St N

Mountain Lake, MN
property for sale

419 12th St N

Mountain Lake, MN

Cost Of Living Quick Facts

  • The cost of living in Mountain Lake is 15% lower than the Minnesota average
  • The cost of living in Mountain Lake is 15% lower than the national average
  • Mountain Lake 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 Mountain Lake

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Compare Mountain Lake, MN Cost of Living

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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$77,653$6,471$1,812$2,330
      Renters$47,435$3,953$1,107$1,423

      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.
      Wilder, MN387228.1%
      Odin, MN1377822.0%
      Ormsby, MN1097921.3%
      Darfur, MN737920.9%
      Jeffers, MN3538218.0%
      Mountain Lake, MN2,0838515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hoschton, GA2,0831098.5%
      Harrison, MI2,0838218.5%
      Upton, QC2,083n/a 
      Steep Falls, ME2,0821065.9%
      Winsted, MN2,084927.7%
      Mountain Lake, MN2,0838515.0%
      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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