Ham 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.
IndexHam LakeMinnesotaNational
Cost of living index113102100
IndexHam LakeMinnesotaNational
Goods & Services index108106100
Groceries index106105100
Health care index106110100
Housing index133101100
Transportation index10198100
Utilities index9691100
The above illustration supplies generalized information for the Ham Lake, MN cost of living index. Compared to other cities in Minnesota and cities across the country, the cost of living index in Ham Lake, MN is 113, which is 11% higher than the Minnesota average and 13% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Ham Lake, MN are 1% higher than the average for Minnesota and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Ham Lake is 11% higher than the Minnesota average.
  • The cost of living in Ham Lake is 13% higher than the national average.
  • The cost of housing in Ham Lake is 33% 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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Compare Ham Lake, MN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Ham Lake, MN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Ham Lake, MN, then you would need to earn more income in order to maintain the same standard of living. To use the Ham Lake, MN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$95,716$7,976$2,233$2,872
Renters$46,719$3,893$1,090$1,402
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Ham Lake, MN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Ham Lake, MN homeowners have a median income of $95,716. Using that number, you will come up with a maximum of $2,233 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $46,719, which means there is a maximum of $1,090 to be spent on the costs of renting a home or apartment.

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%
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in Ham Lake, 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

ItemHam LakeNational avg.Difference
Haircut $24.24$15.5655.8%
Beauty Salon $34.24$36.115.2%
Toothpaste $3.32$2.4734.4%
Shampoo $1.04$0.967.4%
Movie $9.88$10.132.4%
Bowling $4.12$4.7413.1%

Groceries

ItemHam LakeNational avg.Difference
Ground Beef $4.14$3.984.0%
Fried Chicken $2.00$1.4142.1%
Milk $2.23$2.068.1%
Potatoes $3.30$2.9810.5%
Pizza $10.53$9.4711.1%
Beer $8.81$8.790.2%

Health Care

ItemHam LakeNational avg.Difference
Optometrist $81.38$101.0419.5%
Doctor $133.98$107.4424.7%
Dentist $85.91$90.425.0%
Ibuprofen $11.82$9.2827.4%
Lipitor $416.78$426.502.3%

Housing

ItemHam LakeNational avg.Difference
Home Price $258,700.00$175,700.0047.2%
Avg. Mortgage Payment $1,198.63$1,133.235.8%
Apartment Rent $924.00$920.000.4%

Transportation

ItemHam LakeNational avg.Difference
Gasoline $1.84$1.997.7%
Tire Balancing $55.26$45.7620.8%

Utilities

ItemHam LakeNational avg.Difference
All Electricity$167.80$163.812.4%
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.
Hilltop, MN82881-19%
Stacy, MN1,53992-8%
Brooklyn Center, MN30,54998-2%
Lexington, MN2,01999-1%
Columbia Heights, MN19,6051000%
Ham Lake, MN15,56511313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Natchez, MS15,56388-12%
Aurora, OH15,56811111%
East San Gabriel, CA15,57316565%
Vero Beach, FL15,5771033%
Zachary, LA15,5791022%
Ham Lake, MN15,56511313%
Source: The Ham 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.