Champlin 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.
IndexChamplinMinnesotaNational
Cost of living index108102100
IndexChamplinMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index114101100
Transportation index10198100
Utilities index9387100
Displayed above is a general overview of the Champlin, MN cost of living index. The overall cost of living index in Champlin, MN is 108, which is 5% higher than the Minnesota average and 8% higher 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 Champlin, MN are 3% higher than the Minnesota average and 10% higher than the national average.

Did you know?

  • The cost of living in Champlin is 5% higher than the Minnesota average.
  • The cost of living in Champlin is 8% higher than the national average.
  • The cost of housing in Champlin is 14% higher 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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Salary Calculator

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Use the salary calculator to compare your current income in Champlin, 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 Champlin, MN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Champlin, 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)
Owners$92,403$7,700$2,156$2,772
Renters$40,069$3,339$935$1,202
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Champlin, MN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Champlin, MN homeowners, is $92,403. This would allow for a maximum of $2,156 per month to be spent on housing costs. For renters, the median monthly income is $40,069 which would result in a maximum of $935 to be spent on rental costs.

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 Champlin, 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

ItemChamplinNational avg.Difference
Haircut $22.60$14.5954.9%
Beauty Salon $33.37$34.683.8%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.80$9.870.7%
Bowling $4.06$4.397.6%

Groceries

ItemChamplinNational avg.Difference
Ground Beef $3.63$4.4818.9%
Fried Chicken $1.85$1.4626.4%
Milk $2.33$2.361.1%
Potatoes $3.12$3.061.9%
Pizza $10.58$9.2414.5%
Beer $8.48$8.631.8%

Health Care

ItemChamplinNational avg.Difference
Optometrist $82.75$99.7817.1%
Doctor $133.63$105.0327.2%
Dentist $84.81$88.704.4%
Ibuprofen $11.66$9.4123.9%
Lipitor $252.50$298.5015.4%

Housing

ItemChamplinNational avg.Difference
Home Price $198,500.00$175,700.0013.0%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $1,073.00$920.0016.6%

Transportation

ItemChamplinNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $54.71$45.2920.8%

Utilities

ItemChamplinNational avg.Difference
All Electricity$163.14$170.804.5%
Phone $24.99$28.2611.6%
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, MN2,019100-0%
Columbia Heights, MN19,6051011%
Osseo, MN2,4801011%
Champlin, MN23,5911088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Old Bridge, NJ23,57212727%
Greenbelt, MD23,6121099%
Vicksburg, MS23,55983-17%
Corcoran, CA23,63495-5%
Mercer Island, WA23,636200100%
Champlin, MN23,5911088%
Source: The Champlin, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.