Cost of Living in Two Harbors, MN

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A+
6%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
21%
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 Two Harbors Minnesota National
Cost of living94100100
Groceries100100100
Health care99100100
Housing79100100
Transportation104100100
Utilities107104100
Lifestyle & Entertainment97100100
Household Items100100100
Education & Childcare9899100
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Homes For Sale In Two Harbors, MN

property for sale

2202 Fors Rd

Two Harbors, MN
property for sale

4598 McAlpine Spur

Two Harbors, MN
property for sale

596 Larsmont Way #315

Two Harbors, MN
property for sale

596 Larsmont Way Unit 315-2

Two Harbors, MN

Cost Of Living Quick Facts

  • The cost of living in Two Harbors is 6% lower than the Minnesota average
  • The cost of living in Two Harbors is 6% lower than the national average
  • Two Harbors housing is 21% 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 Two Harbors

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      Salary Calculator

      This is how much you would need to earn in
      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$94,325$7,860$2,201$2,830
      Renters$63,643$5,304$1,485$1,909
      A good way to judge both the affordability of the housing and the cost of living in Two Harbors is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Two Harbors has a median income of about $94,325 for people who own homes. Based on that number, a maximum of $2,201 should be spent on expenses related to housing. Renters have a slightly different median income, which is $63,643. Based on this average, renters should spend no more than $1,485 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Two Harbors, MN3,608945.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Loyalhanna, PA3,608954.5%
      Montura, FL3,607919.3%
      Lawrenceville, NJ3,60713433.7%
      Saint-Prosper, QC3,607n/a 
      York Harbor, ME3,60913232.1%
      Two Harbors, MN3,608945.8%
      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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