Fridley 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.
IndexFridleyMinnesotaNational
Cost of living index102102100
IndexFridleyMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index95101100
Transportation index10198100
Utilities index9387100
A general summary of the cost of living index in Fridley, MN is shown above. Compared to the state average of Minnesota the cost of living index in Fridley, MN is 102, which is equal to the average in Minnesota and compared to the national average it is 2% 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 Fridley, 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 Fridley is equal to the Minnesota average.
  • The cost of living in Fridley is 2% higher than the national average.
  • The cost of housing in Fridley is 5% 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 Fridley, 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 Fridley, MN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fridley, 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$69,097$5,758$1,612$2,073
Renters$39,323$3,277$917$1,180
If you want to find a good determining factor for the cost of living and the general affordability of housing in Fridley, 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 Fridley, MN, the median monthly income is $69,097 for those who own their own homes. Under the standard rule, that income level would allow for $1,612 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $39,323, per the median income in the area. That would allow for renters to spend up to $917 on monthly rental expenses.

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%
For those who live in Fridley, 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

ItemFridleyNational 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

ItemFridleyNational 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

ItemFridleyNational 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

ItemFridleyNational avg.Difference
Home Price $167,900.00$175,700.004.4%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $876.00$920.004.8%

Transportation

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

Utilities

ItemFridleyNational 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.
Landfall, MN79679-21%
Hilltop, MN82881-19%
Brooklyn Center, MN30,54998-2%
Lexington, MN2,019100-0%
Newport, MN3,4551000%
Fridley, MN27,4941022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Reisterstown, MD27,4931088%
Central, LA27,5051055%
Melrose, MA27,50915050%
Alton, IL27,51787-13%
Eagle Pass, TX27,46384-16%
Fridley, MN27,4941022%
Source: The Fridley, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.