Cost of Living in Elk River, MN
Overall index: 104 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 97 | -3% | $888 |
| Transportation | 98 | -2% | $3.50 |
| Food | 133 | +33% | $545 |
| Utilities | 99 | -1% | $175 |
| Healthcare | 99 | -1% | $126 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Elk River?
A single adult living comfortably in Elk River, MN needs approximately $36,400 / year after taxes.
Already earning a salary somewhere else? Compare it directly:
Frequently Asked Questions
What is the cost of living in Elk River, MN?
The overall cost of living in Elk River, MN is 4% higher than the US national average (index: 104 where 100 = national average).
How much is rent in Elk River, MN?
Average rent for a 1-bedroom apartment in Elk River, MN is about $888/month.
Is Elk River, MN expensive to live in?
Costs in Elk River, MN are roughly in line with the national average.
What salary do I need to live in Elk River, MN?
A single adult needs roughly $36,400/year to cover basic living costs in Elk River, MN.