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Minnesota

Cost of living in Lake County, MN

Estimated monthly cost
$3,173/mo
for a single person, all categories combined

Population 10,911 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $942 30%
Federal tax $619 20%
Healthcare $480 15%
Groceries $340 11%
Transport $320 10%
State tax $235 7%
Energy $187 6%
Water $50 2%

Rent in Lake County

Fair Market Rents by bedroom count.

Studio
$848
per month
1 bedroom
$942
per month
2 bedroom
$1,236
per month
3 bedroom
$1,489
per month
4 bedroom
$2,076
per month

Source: HUD FMR FY2025

Income and earnings in Lake County

Annual earnings figures from the Census ACS.

Household income
$75,621
per year
Individual earnings
$47,871
per year
Per capita
$40,666
per year

Source: ACS 2019-2023 5-Year.

Home values in Lake County

Average values reported by homeowners.

Average home value
$222,900
Annual property tax
$1,674

Source: ACS 2019-2023 5-Year

Energy costs in Lake County

Estimated monthly electricity and gas costs.

Electricity
$124
per month · 15.5¢/kWh
Natural gas
$63
per month
Annual total
$2,244
per year

Source: EIA

Healthcare in Lake County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
4.9%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Lake County

State and local tax rates for Minnesota.

State income tax
9.8%
Top marginal rate
State sales tax
6.9%
Combined sales tax
7.5%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Lake County

Commute patterns and estimated costs.

Average commute
24.0 min
Drive alone
77.5%
Public transit
0.4%
Work from home
10.9%

Source: ACS

Monthly cost estimates for Lake County

What it costs to live in Lake County each month.

Single person
$3,173
per month
  • Rent $942
  • Energy $187
  • Water $50
  • Groceries $340
  • Transport $320
  • Healthcare $480
  • Federal tax $619
  • State tax $235
Couple
$4,667
per month
  • Rent $1,236
  • Energy $224
  • Water $60
  • Groceries $563
  • Transport $420
  • Healthcare $864
  • Federal tax $908
  • State tax $392
Family
$7,064
per month
  • Rent $1,489
  • Energy $280
  • Water $70
  • Groceries $855
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $908
  • State tax $392

Frequently asked questions about Lake County

Common questions about cost of living, rent and salary.

What is the average rent in Lake County?

In Lake County, MN, a one-bedroom apartment averages $942 per month, a two-bedroom averages $1,236 per month, a three-bedroom averages $1,489 per month, according to HUD Fair Market Rent data.

What is the average salary in Lake County?

In Lake County, MN, the average household income is $75,621 per year and individual earnings for full-time workers average $47,871 per year, according to U.S. Census Bureau data.

What is the cost of living in Lake County?

The estimated cost of living in Lake County, MN is approximately $3,173 per month for a single person, $4,667 for a couple, $7,064 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Lake County?

The combined sales tax rate in Lake County, MN is 7.54%, which includes the Minnesota state rate of 6.88% plus an average local rate of 0.66%.

Is Lake County an affordable place to live?

Based on the data, a single person in Lake County, MN would need approximately $3,173 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $75,621 per year ($6,302 per month). Lake County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Lake County?

The ACA marketplace benchmark premium in Lake County, MN is approximately $480 per month for an individual. Approximately 4.9% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Lake County?

The average home value in Lake County, MN is $222,900, with average annual property taxes of $1,674, according to U.S. Census Bureau data.

How does Lake County compare to other areas?

You can compare Lake County, MN with any other US county using our comparison tool at /compare. Lake County is in Minnesota.

Other counties in Minnesota

Browse the full list of counties in Minnesota, ranked by cost of living.

See all counties in Minnesota

Compare Lake County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources