Andover 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.
IndexAndoverMinnesotaNational
Cost of living index116102100
IndexAndoverMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index142101100
Transportation index10198100
Utilities index9387100
A general summary of the cost of living index in Andover, MN is shown above. Compared to the state average of Minnesota the cost of living index in Andover, MN is 116, which is 13% higher than the average in Minnesota and compared to the national average it is 16% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Andover, MN goods and services come in at 3% higher than the average in Minnesota and are 10% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Andover is 13% higher than the Minnesota average.
  • The cost of living in Andover is 16% higher than the national average.
  • The cost of housing in Andover is 42% higher 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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Using the salary calculator lets you compare the salary you earn in Andover, MN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Andover, MN, you have to earn a higher income in order to still have the same standard of living. To operate the Andover, MN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$98,148$8,179$2,290$2,945
Renters$35,833$2,986$836$1,075
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Andover, MN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Andover, MN has a median income of about $98,148 for people who own homes. Based on that number, a person should spend a maximum of $2,290 on expenses related to housing. Renters have a slightly different median income, which is $35,833. Based on this average, renters should spend no more than $836 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Andover, 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

ItemAndoverNational avg.Difference
Haircut $22.60$14.5954.9%
Beauty Salon $33.37$34.683.8%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.80$9.870.7%
Bowling $4.06$4.397.6%

Groceries

ItemAndoverNational avg.Difference
Ground Beef $3.63$4.4818.9%
Fried Chicken $1.85$1.4626.4%
Milk $2.33$2.361.1%
Potatoes $3.12$3.061.9%
Pizza $10.58$9.2414.5%
Beer $8.48$8.631.8%

Health Care

ItemAndoverNational avg.Difference
Optometrist $82.75$99.7817.1%
Doctor $133.63$105.0327.2%
Dentist $84.81$88.704.4%
Ibuprofen $11.66$9.4123.9%
Lipitor $252.50$298.5015.4%

Housing

ItemAndoverNational avg.Difference
Home Price $234,700.00$175,700.0033.6%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $1,483.00$920.0061.2%

Transportation

ItemAndoverNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $54.71$45.2920.8%

Utilities

ItemAndoverNational avg.Difference
All Electricity$163.14$170.804.5%
Phone $24.99$28.2611.6%
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.
Hilltop, MN82881-19%
Stacy, MN1,53992-8%
Brooklyn Center, MN30,54998-2%
Zimmerman, MN5,26897-3%
Lexington, MN2,019100-0%
Andover, MN31,27111616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fair Oaks, CA31,25613131%
Mason, OH31,2891033%
Franklin Square, NY31,29116262%
North Tonawanda, NY31,24584-16%
Englewood, CO31,2981055%
Andover, MN31,27111616%
Source: The Andover, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.