Home / Minnesota / Baker

Cost of Living in Baker, MN

Population: 50 | Minnesota

85
Cost of Living Index
US Average = 100

Baker is 15% less expensive than the national average.

100
Housing
53
Home Values
89
Regional Price

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

$2.97
Gasoline (regular)
per gallon
-3% vs US
🥚
$2.43
Eggs (grade A, large)
per dozen
-3% vs US
🥛
$3.91
Milk (whole)
per gallon
-3% vs US
🍞
$1.79
Bread (white)
per lb
-3% vs US
🍗
$4.02
Chicken breast
per lb
-3% vs US
$0.15
Electricity
per kWh
-21% vs US

Compare Baker With