Brooklyn Park 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.
IndexBrooklyn ParkMinnesotaNational
Cost of living index103102100
IndexBrooklyn ParkMinnesotaNational
Goods & Services index108106100
Groceries index106105100
Health care index106110100
Housing index99101100
Transportation index10198100
Utilities index9691100
An overview of the general cost of living index for Brooklyn Park, MN is displayed above for your reference. Residents in Brooklyn Park, MN enjoy a cost of living index of 103. This index is 1% higher than the Minnesota average, and 3% higher 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 Brooklyn Park, MN, the average cost of goods and services is 1% higher than it is in Minnesota, and it is 8% higher than the national average.

Did you know?

  • The cost of living in Brooklyn Park is 1% higher than the Minnesota average.
  • The cost of living in Brooklyn Park is 3% higher than the national average.
  • The cost of housing in Brooklyn Park is 1% 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 Brooklyn Park, MN Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Brooklyn Park, MN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Brooklyn Park, MN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Brooklyn Park, MN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,066$6,756$1,891$2,432
Renters$31,813$2,651$742$954
One can approximate the cost of living and the housing affordability in Brooklyn Park, 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 Brooklyn Park, MN have a median income of $81,066. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,891 per month to avoid calamity and poverty. The renters in the city have an income of about $31,813, which would make their monthly maximum allowable rental costs $742.

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 you are determining the total cost of living in Brooklyn Park, MN you will want to make sure you consider both the Minnesota sales tax and the Minnesota income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Minnesota is 6.875%, with the highest surtax being 7.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Minnesota have a range from 5.35% to 9.85%.

Goods & Services

ItemBrooklyn ParkNational avg.Difference
Haircut $24.24$15.5655.8%
Beauty Salon $34.24$36.115.2%
Toothpaste $3.32$2.4734.4%
Shampoo $1.04$0.967.4%
Movie $9.88$10.132.4%
Bowling $4.12$4.7413.1%

Groceries

ItemBrooklyn ParkNational avg.Difference
Ground Beef $4.14$3.984.0%
Fried Chicken $2.00$1.4142.1%
Milk $2.23$2.068.1%
Potatoes $3.30$2.9810.5%
Pizza $10.53$9.4711.1%
Beer $8.81$8.790.2%

Health Care

ItemBrooklyn ParkNational avg.Difference
Optometrist $81.38$101.0419.5%
Doctor $133.98$107.4424.7%
Dentist $85.91$90.425.0%
Ibuprofen $11.82$9.2827.4%
Lipitor $416.78$426.502.3%

Housing

ItemBrooklyn ParkNational avg.Difference
Home Price $178,700.00$175,700.001.7%
Avg. Mortgage Payment $1,198.63$1,133.235.8%
Apartment Rent $849.00$920.007.7%

Transportation

ItemBrooklyn ParkNational avg.Difference
Gasoline $1.84$1.997.7%
Tire Balancing $55.26$45.7620.8%

Utilities

ItemBrooklyn ParkNational avg.Difference
All Electricity$167.80$163.812.4%
Phone $24.99$28.3912.0%
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.
Hilltop, MN82881-19%
Brooklyn Center, MN30,54998-2%
Lexington, MN2,01999-1%
Columbia Heights, MN19,6051000%
Osseo, MN2,4801011%
Brooklyn Park, MN77,5791033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Somerville, MA77,56015757%
Lynchburg, VA77,62691-9%
Bellflower, CA77,52113131%
Tustin, CA77,76515353%
Palm Coast, FL77,77997-3%
Brooklyn Park, MN77,5791033%
Source: The Brooklyn Park, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.