Belle Plaine 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.
IndexBelle PlaineMinnesotaNational
Cost of living index97102100
IndexBelle PlaineMinnesotaNational
Goods & Services index104107100
Groceries index105107100
Health care index111108100
Housing index90101100
Transportation index9898100
Utilities index7687100
A general overview of the cost of living index for Belle Plaine, MN is displayed above. In Belle Plaine, MN, the overall cost of living index is 97, which is 5% lower than the Minnesota average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Belle Plaine, MN, the city's goods and services are 2% lower than the Minnesota average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Belle Plaine is 5% lower than the Minnesota average.
  • The cost of living in Belle Plaine is 3% lower than the national average.
  • The cost of housing in Belle Plaine is 10% 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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Compare Belle Plaine, MN Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Belle Plaine, 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 Belle Plaine, MN, you have to earn a higher income in order to still have the same standard of living. To operate the Belle Plaine, 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$74,087$6,174$1,729$2,223
Renters$25,147$2,096$587$754
One can approximate the cost of living and the housing affordability in Belle Plaine, MN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Belle Plaine, MN have a median income of $74,087. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,729 per month to avoid calamity and poverty. The renters in the city have an income of about $25,147, which would make their monthly maximum allowable rental costs $587.

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 considering the overall cost of living expenses in Belle Plaine, MN, it's important to take into account the sales tax for Minnesota, as well as the rate for income tax in Minnesota. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Minnesota is 7.875%, and the sales tax in the state of Minnesota is 6.875%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Minnesota starts from 5.35% and goes up to 9.85%.

Goods & Services

ItemBelle PlaineNational avg.Difference
Haircut $18.25$14.5925.1%
Beauty Salon $25.50$34.6826.5%
Toothpaste $1.79$2.4727.6%
Shampoo $0.92$1.0210.0%
Movie $9.25$9.876.3%
Bowling $3.50$4.3920.3%

Groceries

ItemBelle PlaineNational avg.Difference
Ground Beef $4.88$4.489.0%
Fried Chicken $2.09$1.4642.8%
Milk $2.29$2.362.8%
Potatoes $2.79$3.068.9%
Pizza $12.00$9.2429.8%
Beer $7.76$8.6310.1%

Health Care

ItemBelle PlaineNational avg.Difference
Optometrist $76.81$99.7823.0%
Doctor $160.37$105.0352.7%
Dentist $92.75$88.704.6%
Ibuprofen $8.15$9.4113.4%
Lipitor $266.68$298.5010.7%

Housing

ItemBelle PlaineNational avg.Difference
Home Price $166,900.00$175,700.005.0%
Avg. Mortgage Payment $929.86$1,081.0314.0%
Apartment Rent $718.00$920.0022.0%

Transportation

ItemBelle PlaineNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $48.00$45.296.0%

Utilities

ItemBelle PlaineNational avg.Difference
All Electricity$148.78$170.8012.9%
Phone $17.01$28.2639.8%
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.
Green Isle, MN51289-11%
Henderson, MN87389-11%
Montgomery, MN2,93589-11%
Plato, MN32994-6%
Le Sueur, MN4,01992-8%
Belle Plaine, MN6,79497-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nevada, IA6,79483-17%
Upper Sandusky, OH6,79287-13%
St. Gabriel, LA6,79684-16%
Salem, UT6,7891088%
Roeland Park, KS6,79995-5%
Belle Plaine, MN6,79497-3%
Source: The Belle Plaine, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.