Cost of Living in Crosslake, MN

With a cost of living index of 111, Crosslake, MN is somewhat more expensive than average. Living here is 11% more expensive than the national average and 29% above the Minnesota state average of 82. Crosslake is a small community of 2,648 residents.

Housing costs are the biggest factor in Crosslake's cost of living. The median monthly rent is $1,105 (16% below the US median of $1,319), and the median home value sits at $540,200 (77% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Crosslake is $85,000, which is 13% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.