Big Lake 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.
IndexBig LakeMinnesotaNational
Cost of living index97102100
IndexBig LakeMinnesotaNational
Goods & Services index103106100
Groceries index110105100
Health care index113110100
Housing index85101100
Transportation index10398100
Utilities index8591100
Displayed above is a general overview of the Big Lake, MN cost of living index. The overall cost of living index in Big Lake, MN is 97, which is 5% lower than the Minnesota average and 3% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Big Lake, MN are 3% lower than the Minnesota average and 3% higher than the national average.

Did you know?

  • The cost of living in Big Lake is 5% lower than the Minnesota average.
  • The cost of living in Big Lake is 3% lower than the national average.
  • The cost of housing in Big Lake is 15% 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 Big Lake, MN Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Big Lake, MN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Big Lake, MN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Big Lake, MN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Big Lake, MN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Big Lake, MN, the median monthly income is $58,250 for those who own their own homes. Under the standard rule, that income level would allow for $1,359 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $15,625, per the median income in the area. That would allow for renters to spend up to $365 on monthly rental expenses.

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Big Lake, MN and want to know what the true cost of living is, they ought to look at both the Minnesota income tax rate and the Minnesota sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Minnesota, the sales tax is 6.875%, while the most you'll pay in surtax is 7.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Minnesota, the income tax rate ranges between 5.35% to 9.85%.

Goods & Services

ItemBig LakeNational avg.Difference
Haircut $21.91$15.5640.8%
Beauty Salon $31.17$36.1113.7%
Toothpaste $3.64$2.4747.2%
Shampoo $1.19$0.9623.3%
Movie $10.04$10.130.9%
Bowling $4.29$4.749.4%


ItemBig LakeNational avg.Difference
Ground Beef $5.28$3.9832.5%
Fried Chicken $2.27$1.4161.2%
Milk $2.45$2.0618.8%
Potatoes $2.45$2.9817.7%
Pizza $8.10$9.4714.5%
Beer $9.08$8.793.3%

Health Care

ItemBig LakeNational avg.Difference
Optometrist $121.76$101.0420.5%
Doctor $164.95$107.4453.5%
Dentist $87.93$90.422.7%
Ibuprofen $9.49$9.282.2%
Lipitor $392.82$426.507.9%


ItemBig LakeNational avg.Difference
Home Price $192,000.00$175,700.009.3%
Avg. Mortgage Payment $891.28$1,133.2321.4%
Apartment Rent $263.00$920.0071.4%


ItemBig LakeNational avg.Difference
Gasoline $1.94$1.992.8%
Tire Balancing $52.70$45.7615.2%


ItemBig LakeNational avg.Difference
All Electricity$169.36$163.813.4%
Phone $17.02$28.3940.0%
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.
Maple Lake, MN2,06195-5%
Zimmerman, MN5,26897-3%
Clearwater, MN1,71998-2%
Clear Lake, MN55498-2%
Big Lake city, MN10,23099-1%
Big Lake, MN29897-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marshfield, VT2981077%
Clara, MS29875-25%
Williams, IN29887-13%
Chili, WI29881-19%
Curtiss, WI29883-17%
Big Lake, MN29897-3%
Source: The Big Lake, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.