Goodview 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.
Cost of living index99102100
Goods & Services index112107100
Groceries index107107100
Health care index110108100
Housing index81101100
Transportation index10498100
Utilities index9287100
A general summary of the cost of living index in Goodview, MN is shown above. Compared to the state average of Minnesota the cost of living index in Goodview, MN is 99, which is 3% lower than the average in Minnesota and compared to the national average it is 1% lower 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 Goodview, MN goods and services come in at 5% higher than the average in Minnesota and are 12% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Goodview is 3% lower than the Minnesota average.
  • The cost of living in Goodview is 1% lower than the national average.
  • The cost of housing in Goodview is 19% 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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Groceries index
Health care index
Housing index
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The salary calculator is meant to help you compare your salary in Goodview, MN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Goodview, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Goodview, MN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
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 Goodview, 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. Goodview, MN has a median income of about $66,829 for people who own homes. Based on that number, a person should spend a maximum of $1,559 on expenses related to housing. Renters have a slightly different median income, which is $41,250. Based on this average, renters should spend no more than $962 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

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in Goodview, MN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Minnesota sales tax is 6.875% and the maximum surtax is 7.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemGoodviewNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $31.40$34.689.5%
Toothpaste $3.66$2.4748.0%
Shampoo $1.06$1.023.7%
Movie $9.25$9.876.3%
Bowling $6.00$4.3936.6%


ItemGoodviewNational avg.Difference
Ground Beef $4.38$4.482.2%
Fried Chicken $1.67$1.4614.1%
Milk $2.54$2.367.8%
Potatoes $2.25$3.0626.5%
Pizza $11.00$9.2419.0%
Beer $8.24$8.634.6%

Health Care

ItemGoodviewNational avg.Difference
Optometrist $121.33$99.7821.6%
Doctor $146.30$105.0339.3%
Dentist $84.40$88.704.8%
Ibuprofen $9.56$9.411.6%
Lipitor $300.89$298.500.8%


ItemGoodviewNational avg.Difference
Home Price $146,100.00$175,700.0016.8%
Avg. Mortgage Payment $839.64$1,081.0322.3%
Apartment Rent $705.00$920.0023.4%


ItemGoodviewNational avg.Difference
Gasoline $2.14$2.092.4%
Tire Balancing $49.65$45.299.6%


ItemGoodviewNational avg.Difference
All Electricity$184.37$170.807.9%
Phone $19.99$28.2629.3%
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.
Cochrane, WI47091-9%
Utica, MN28593-7%
Elba, MN13894-6%
Dodge, WI13394-6%
Arcadia, WI2,95395-5%
Goodview, MN4,01999-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Le Sueur, MN4,01992-8%
Vandalia, MO4,01979-21%
Plains, PA4,02094-6%
Surfside Beach, SC4,01711010%
New Lebanon, OH4,02187-13%
Goodview, MN4,01999-1%
Source: The Goodview, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.