Crane Lake, MN Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Crane Lake cost of living score
84.7
Less expensive
15.3% lower
than the US average
12.9% lower
than the Minnesota average
Crane Lake, Minnesota gets a BestPlaces Cost of Living score of 84.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.3% lower than the U.S. average and 12.9% higher than the average for Minnesota.

Crane Lake, MN

Housing costs in Crane Lake?
A typical home costs $334,500, which is 1.1% less expensive than the national average of $338,100 and 8.1% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Crane Lake costs $980 per month, which is 31.5% more than the national average of $1,430 and 26.5% more than the state average of $1,240.

Can I afford Crane Lake?
To live comfortably in Crane Lake, Minnesota, a minimum annual income of $64,080 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Crane Lake?
Crane Lake, MN has an affordable cost of living. The median home price is around $115,000 and the average rent is only $660 per month. Utilities are also very inexpensive, at an average of around $83 per month. Food costs are also quite reasonable, with a grocery basket for a family of four costing about $163 per week. In addition to the low cost of living, Crane Lake does not have any state income tax or sales tax. All in all, living in Crane Lake is significantly cheaper than many other places in Minnesota and throughout the United States.
   Cost of living score
     CategoriesCrane LakeMinnesotaUnited States
  84.797.2100.0
  105.197.2100
  86.378.3100.0
  85.4102.9100.0
  $334,500$309,500$338,100
  98.6%95.7%100.0%
  86.596.4100.0
  102.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Crane Lake, MN cost of living
Compare food, housing, utilities, and more in Crane Lake, Minnesota to any other city in the US.