Balaton, MN Cost Of Living

Balaton 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.
Index	Balaton	Minnesota	National
Cost of living index	82	102	100
Index	Balaton	Minnesota	National
Goods & Services index	98	105	100
Groceries index	95	106	100
Health care index	109	113	100
Housing index	48	100	100
Transportation index	94	103	100
Utilities index	89	89	100

Did you know?

The cost of living in Balaton is 20% lower than the Minnesota average.
The cost of living in Balaton is 18% lower than the national average.
The cost of housing in Balaton is 52% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,857	$4,405	$1,233	$1,586
Renters	$36,875	$3,073	$860	$1,106

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Balaton	National avg.	Difference
Haircut	$13.62	$16.09	15.3%
Beauty Salon	$28.24	$37.33	24.4%
Toothpaste	$2.74	$2.45	12.1%
Shampoo	$0.95	$1.00	4.8%
Movie	$9.39	$10.28	8.7%
Bowling	$4.14	$4.93	16.0%

Groceries

Item	Balaton	National avg.	Difference
Ground Beef	$2.86	$3.80	24.8%
Fried Chicken	$1.31	$1.40	6.0%
Milk	$2.02	$2.01	0.6%
Potatoes	$2.06	$3.01	31.5%
Pizza	$10.68	$9.89	8.1%
Beer	$8.61	$8.90	3.2%

Health Care

Item	Balaton	National avg.	Difference
Optometrist	$119.54	$102.16	17.0%
Doctor	$124.44	$108.36	14.8%
Dentist	$97.87	$92.53	5.8%
Ibuprofen	$8.99	$9.28	3.1%
Lipitor	$460.07	$425.82	8.0%

Housing

Item	Balaton	National avg.	Difference
Home Price	$74,800.00	$184,700.00	59.5%
Avg. Mortgage Payment	$1,058.27	$1,202.44	12.0%
Apartment Rent	$615.00	$949.00	35.2%

Transportation

Item	Balaton	National avg.	Difference
Gasoline	$2.16	$2.24	3.7%
Tire Balancing	$41.34	$46.29	10.7%

Utilities

Item	Balaton	National avg.	Difference
All Electricity	$147.73	$165.96	11.0%
Phone	$25.75	$28.68	10.2%

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, State	Population	Cost of Living Index	National Avg.
Florence, MN	16	96	-4%
Ruthton, MN	263	76	-24%
Currie, MN	209	78	-22%
Tracy, MN	2,139	80	-20%
Garvin, MN	136	80	-20%
Balaton, MN	550	82	-18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Reynolds, IN	550	84	-16%
Lane, SC	550	85	-15%
Hallsburg, TX	550	90	-10%
Worthington Springs, FL	550	97	-3%
Lowry City, MO	550	76	-24%
Balaton, MN	550	82	-18%

Source: The Balaton, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Balaton, MN Cost of Living