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The cost of living in Elk River, Minnesota is 1% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

Elk River is a city and the county seat of Sherburne County, Minnesota, United States, approximately 34 miles northwest of Minneapolis. It is situated at the confluence of the Mississippi and Elk Rivers. The population was 25,835 at the 2020 census, making Elk River the second largest city with an area of 42.33 square miles in the Central Minnesota region after St. Cloud. It is the county seat. U.S. Highways 10 and 169 and State Highway 101 are three of the main routes in Elk River, and a statio