Cost of Living in Lake Henry, MN

With a cost of living index of 81, Lake Henry, MN is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Minnesota state average. Lake Henry is a small community of 80 residents.

The median household income in Lake Henry is $103,036, which is 37% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Lake Henry. The area sees an average annual temperature of 42.9°F, with summers averaging 68°F and winters around 15°F. Annual rainfall totals 28.5 inches spread over roughly 111 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the St. Cloud, 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.