| Index | Burnsville | Minnesota | National |
| Cost of living | 112 | 100 | 100 |
| Groceries | 99 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 140 | 100 | 100 |
| Transportation | 102 | 100 | 100 |
| Utilities | 105 | 104 | 100 |
| Lifestyle & Entertainment | 101 | 100 | 100 |
| Household Items | 101 | 100 | 100 |
| Education & Childcare | 96 | 99 | 100 |
Getting a feel for the cost of living in Burnsville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Burnsville is 112, which is 12% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs make up a big chunk of the cost of living in Burnsville, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 39.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Burnsville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Burnsville is 41.3% higher than the national average, while the average monthly rent prices are 35.8% higher than average. The affordability of any location can also be influenced by median income levels. Burnsville has a median household income of $114,193, which is 40.4% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Burnsville, healthcare costs are 1.1% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Burnsville, the utilities index registers 5.2% higher than the national average.
The Burnsville cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $138,717 | $11,560 | $3,237 | $4,162 |
| Renters | $73,506 | $6,126 | $1,715 | $2,205 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Landfall, MN | 819 | 72 | 27.9% |
| South End, MN | 66 | 78 | 22.1% |
| St. Paul Park, MN | 5,562 | 101 | 1.2% |
| Coates, MN | 145 | 101 | 1.5% |
| South St. Paul, MN | 20,723 | 102 | 2.0% |
| Burnsville, MN | 63,628 | 112 | 12.4% |
| City | Population | Cost of Living Index | National Avg. |
| Taylor, MI | 63,527 | 89 | 10.9% |
| Council Bluffs, IA | 63,786 | 90 | 10.1% |
| Palm Harbor, FL | 63,813 | 113 | 13.4% |
| Fredericton, NB | 63,818 | n/a | |
| National City, CA | 63,422 | 143 | 43.0% |
| Burnsville, MN | 63,628 | 112 | 12.4% |
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