Cost of Living in Eagle Lake, MN
Population 3,268 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Eagle Lake a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $250,000.
Geographically, Eagle Lake is about 65 miles southwest of Minneapolis, the nearest large metro. Median home values run roughly 28% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Eagle Lake
The median home value in Eagle Lake is $249,600 — 18% below the national median of $305,000. Median rent runs $1,405/month, 7% higher than the national median of $1,314/month. The median household income of $97,161/year is 30% higher than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Eagle Lake has a cost of living index of 92 versus the US average of 100, meaning it is 8% less expensive.
Eagle Lake has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Eagle Lake, MN?
Eagle Lake has a cost index of 92 (100 = national average). It is 8% below the national average.
What is average rent in Eagle Lake, MN?
The median gross rent in Eagle Lake is $1,405 per month based on 2023 Census data.
What is the average home price in Eagle Lake?
The median home value in Eagle Lake is $249,600 according to Zillow and Census data.
What is the median income in Eagle Lake?
The median household income in Eagle Lake is $97,161 per year (2023 ACS 5-year estimates).
What is the sales tax in Eagle Lake, MN?
The combined state and local sales tax rate in Eagle Lake is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Eagle Lake, MN affordable?
Eagle Lake is near the national average in terms of cost of living, with an index of 92 (100 = US average).
Eagle Lake at a Glance
- Population
- 3,268
- Median Income
- $97,161
- Home Value
- $249,600
- Median Rent
- $1,405/mo
- Unemployment
- 4.0%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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