Gem Lake 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.
IndexGem LakeMinnesotaNational
Cost of living index117102100
IndexGem LakeMinnesotaNational
Goods & Services index108106100
Groceries index104105100
Health care index106110100
Housing index148101100
Transportation index9798100
Utilities index9491100

Did you know?

  • The cost of living in Gem Lake is 14% higher than the Minnesota average.
  • The cost of living in Gem Lake is 17% higher than the national average.
  • The cost of housing in Gem Lake is 48% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$104,375$8,698$2,435$3,132
Renters$55,833$4,653$1,303$1,675

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%

Goods & Services

ItemGem LakeNational avg.Difference
Haircut $24.91$15.5660.0%
Beauty Salon $33.76$36.116.5%
Toothpaste $3.41$2.4737.8%
Shampoo $1.04$0.967.8%
Movie $9.85$10.132.8%
Bowling $4.06$4.7414.2%

Groceries

ItemGem LakeNational avg.Difference
Ground Beef $4.07$3.982.2%
Fried Chicken $1.94$1.4137.9%
Milk $2.17$2.065.0%
Potatoes $3.19$2.987.0%
Pizza $10.59$9.4711.8%
Beer $8.92$8.791.4%

Health Care

ItemGem LakeNational avg.Difference
Optometrist $81.20$101.0419.6%
Doctor $134.89$107.4425.5%
Dentist $87.31$90.423.4%
Ibuprofen $11.78$9.2827.0%
Lipitor $406.73$426.504.6%

Housing

ItemGem LakeNational avg.Difference
Home Price $285,500.00$175,700.0062.5%
Avg. Mortgage Payment $1,182.68$1,133.234.4%
Apartment Rent $1,042.00$920.0013.3%

Transportation

ItemGem LakeNational avg.Difference
Gasoline $1.85$1.997.0%
Tire Balancing $48.94$45.767.0%

Utilities

ItemGem LakeNational avg.Difference
All Electricity$162.69$163.810.7%
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.
Landfall, MN79678-22%
Hilltop, MN82881-19%
Brooklyn Center, MN30,54998-2%
Lexington, MN2,01999-1%
Newport, MN3,4551000%
Gem Lake, MN35011717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Christine, TX35076-24%
Minocqua, WI35011818%
Austinburg, OH35098-2%
Mount Olivet, KY35081-19%
Broadlands, IL35085-15%
Gem Lake, MN35011717%
Source: The Gem Lake, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.