Cost of Living in Baker, MN
Population: 50 | Minnesota
Baker is 15% less expensive than the national average.
Cost of Living in Baker, MN: What You Need to Know
With a cost of living index of 85, Baker, MN is a very affordable place to live. Living here is 15% cheaper than the national average and in line with the Minnesota state average. Baker is a small community of 50 residents.
The median household income in Baker is $98,750, which is 31% higher than the national median of $75,149.
Everyday prices in the Fargo, ND-MN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $98,750
- vs US Median ($75,149)
- +31%
Housing
- Median Home Value
- $162,500
- Median Monthly Housing Cost
- $900/mo
Everyday Prices in Baker
BLS Average Prices for the Fargo, ND-MN (Metropolitan Statistical Area) area