Alexandria 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.
IndexAlexandriaMinnesotaNational
Cost of living index97102100
IndexAlexandriaMinnesotaNational
Goods & Services index104107100
Groceries index114107100
Health care index114108100
Housing index84101100
Transportation index9298100
Utilities index8987100
An overview of the general cost of living index for Alexandria, MN is displayed above for your reference. Residents in Alexandria, MN enjoy a cost of living index of 97. This index is 5% lower than the Minnesota average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Alexandria, MN, the average cost of goods and services is 3% lower than it is in Minnesota, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Alexandria is 5% lower than the Minnesota average.
  • The cost of living in Alexandria is 3% lower than the national average.
  • The cost of housing in Alexandria is 16% 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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Salary Calculator

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The salary calculator is meant to help you compare your salary in Alexandria, MN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Alexandria, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Alexandria, MN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,474$4,540$1,271$1,634
Renters$23,039$1,920$538$691
The affordability of the housing market in Alexandria, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Alexandria, MN homeowners, the median income is $54,474. This indicates that a monthly maximum of $1,271 should be spent by homeowners on all housing related costs. Renters have a median income of $23,039. This indicates that renters should have a maximum of $538 used for their rent related monthly costs.

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%
When assessing the complete cost of living in Alexandria, MN, the Minnesota income tax and the Minnesota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Minnesota maximum surtax is 7.875%, and the Minnesota sales tax is 6.875%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.35% to 9.85% in Minnesota.

Goods & Services

ItemAlexandriaNational avg.Difference
Haircut $21.63$14.5948.2%
Beauty Salon $29.50$34.6814.9%
Toothpaste $3.02$2.4722.1%
Shampoo $1.04$1.021.8%
Movie $10.00$9.871.3%
Bowling $3.98$4.399.4%

Groceries

ItemAlexandriaNational avg.Difference
Ground Beef $4.94$4.4810.3%
Fried Chicken $1.99$1.4635.9%
Milk $2.64$2.3612.0%
Potatoes $1.99$3.0635.0%
Pizza $8.00$9.2413.4%
Beer $8.99$8.634.1%

Health Care

ItemAlexandriaNational avg.Difference
Optometrist $120.00$99.7820.3%
Doctor $159.50$105.0351.9%
Dentist $84.75$88.704.5%
Ibuprofen $10.47$9.4111.2%
Lipitor $297.89$298.500.2%

Housing

ItemAlexandriaNational avg.Difference
Home Price $155,000.00$175,700.0011.8%
Avg. Mortgage Payment $820.96$1,081.0324.1%
Apartment Rent $681.00$920.0026.0%

Transportation

ItemAlexandriaNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $42.25$45.296.7%

Utilities

ItemAlexandriaNational avg.Difference
All Electricity$162.93$170.804.6%
Phone $22.89$28.2619.0%
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.
Farwell, MN7481-19%
Westport, MN3782-18%
West Union, MN10084-16%
Villard, MN28887-13%
Evansville, MN59789-11%
Alexandria, MN11,46597-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Healdsburg, CA11,46615454%
Magalia, CA11,46711717%
Yazoo City, MS11,46279-21%
Niles, MI11,47979-21%
Platteville, WI11,48098-2%
Alexandria, MN11,46597-3%
Source: The Alexandria, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.