Akeley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAkeleyMinnesotaNational
Cost of living index84102100
IndexAkeleyMinnesotaNational
Goods & Services index96107100
Groceries index101107100
Health care index114108100
Housing index51101100
Transportation index9598100
Utilities index9987100

Did you know?

  • The cost of living in Akeley is 18% lower than the Minnesota average.
  • The cost of living in Akeley is 16% lower than the national average.
  • The cost of housing in Akeley is 49% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,375$3,281$919$1,181
Renters$31,250$2,604$729$938

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%

Goods & Services

ItemAkeleyNational avg.Difference
Haircut $15.15$14.593.8%
Beauty Salon $27.25$34.6821.4%
Toothpaste $2.31$2.476.6%
Shampoo $1.03$1.020.8%
Movie $10.00$9.871.3%
Bowling $3.67$4.3916.4%

Groceries

ItemAkeleyNational avg.Difference
Ground Beef $3.98$4.4811.1%
Fried Chicken $1.78$1.4621.6%
Milk $2.94$2.3624.8%
Potatoes $2.25$3.0626.5%
Pizza $8.00$9.2413.4%
Beer $9.14$8.635.9%

Health Care

ItemAkeleyNational avg.Difference
Optometrist $79.40$99.7820.4%
Doctor $152.00$105.0344.7%
Dentist $95.00$88.707.1%
Ibuprofen $8.18$9.4113.1%
Lipitor $321.67$298.507.8%

Housing

ItemAkeleyNational avg.Difference
Home Price $77,500.00$175,700.0055.9%
Avg. Mortgage Payment $980.39$1,081.039.3%
Apartment Rent $625.00$920.0032.1%

Transportation

ItemAkeleyNational avg.Difference
Gasoline $1.90$2.099.2%
Tire Balancing $48.96$45.298.1%

Utilities

ItemAkeleyNational avg.Difference
All Electricity$159.00$170.806.9%
Phone $29.95$28.266.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Backus, MN28384-16%
Nevis, MN41187-13%
Hackensack, MN32992-8%
Laporte, MN22891-9%
Walker, MN98591-9%
Akeley, MN37684-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Clayton, WA37698-2%
Hodge, LA37681-19%
Twin, AL37685-15%
Ghent, KY37684-16%
Belle Haven, VA37695-5%
Akeley, MN37684-16%
Source: The Akeley, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.