Cost of Living in Lakeland Shores, MN

With a cost of living index of 113, Lakeland Shores, MN is somewhat more expensive than average. Living here is 13% more expensive than the national average and 31% above the Minnesota state average of 82. Lakeland Shores is a small community of 371 residents.

The median household income in Lakeland Shores is $136,875, which is 82% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Lakeland Shores. The area sees an average annual temperature of 46.5°F, with summers averaging 71°F and winters around 20°F. Annual rainfall totals 29.2 inches spread over roughly 102 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.