Coon Rapids 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.
IndexCoon RapidsMinnesotaNational
Cost of living index103102100
IndexCoon RapidsMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index99101100
Transportation index10198100
Utilities index9387100
A general summary of the cost of living index in Coon Rapids, MN is shown above. Compared to the state average of Minnesota the cost of living index in Coon Rapids, MN is 103, which is 1% higher than the average in Minnesota and compared to the national average it is 3% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Coon Rapids, MN goods and services come in at 3% higher than the average in Minnesota and are 10% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Coon Rapids is 1% higher than the Minnesota average.
  • The cost of living in Coon Rapids is 3% higher than the national average.
  • The cost of housing in Coon Rapids 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Coon Rapids, MN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Coon Rapids, MN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Coon Rapids, MN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$74,334$6,195$1,734$2,230
Renters$38,163$3,180$890$1,145
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Coon Rapids, MN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Coon Rapids, MN has a median income of about $74,334 for people who own homes. Based on that number, a person should spend a maximum of $1,734 on expenses related to housing. Renters have a slightly different median income, which is $38,163. Based on this average, renters should spend no more than $890 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 assessing the complete cost of living in Coon Rapids, MN, the Minnesota income tax and the Minnesota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Minnesota maximum surtax is 7.875%, and the Minnesota sales tax is 6.875%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.35% to 9.85% in Minnesota.

Goods & Services

ItemCoon RapidsNational 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

ItemCoon RapidsNational 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

ItemCoon RapidsNational 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

ItemCoon RapidsNational avg.Difference
Home Price $165,500.00$175,700.005.8%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $1,004.00$920.009.1%

Transportation

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

Utilities

ItemCoon RapidsNational 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%
Coon Rapids, MN61,8091033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Haverhill, MA61,76912222%
Utica, NY61,85290-10%
New Braunfels, TX61,71294-6%
Waltham, MA61,90815151%
Daytona Beach, FL61,91393-7%
Coon Rapids, MN61,8091033%
Source: The Coon Rapids, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.