Cost of Living in Lake Elmo, MN
Overall index: 154 (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 | 169 | +69% | $1,543 |
| Transportation | 97 | -3% | $3.50 |
| Food | 205 | +105% | $841 |
| Utilities | 135 | +35% | $304 |
| Healthcare | 135 | +35% | $220 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Lake Elmo?
A single adult living comfortably in Lake Elmo, MN needs approximately $53,900 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Lake Elmo, MN?
The overall cost of living in Lake Elmo, MN is 54% higher than the US national average (index: 154 where 100 = national average).
How much is rent in Lake Elmo, MN?
Average rent for a 1-bedroom apartment in Lake Elmo, MN is about $1,543/month.
Is Lake Elmo, MN expensive to live in?
Yes, Lake Elmo, MN is considered expensive (index above national average).
What salary do I need to live in Lake Elmo, MN?
A single adult needs roughly $53,900/year to cover basic living costs in Lake Elmo, MN.