Herman 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.
IndexHermanMinnesotaNational
Cost of living index78102100
IndexHermanMinnesotaNational
Goods & Services index96107100
Groceries index101107100
Health care index114108100
Housing index33101100
Transportation index9598100
Utilities index9987100

Did you know?

  • The cost of living in Herman is 23% lower than the Minnesota average.
  • The cost of living in Herman is 22% lower than the national average.
  • The cost of housing in Herman is 67% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,143$3,929$1,100$1,414
Renters$11,641$970$272$349

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

ItemHermanNational avg.Difference
Haircut $15.15$14.593.8%
Beauty Salon $27.25$34.6821.4%
Toothpaste $2.31$2.476.6%
Shampoo $1.03$1.020.8%
Movie $10.00$9.871.3%
Bowling $3.67$4.3916.4%

Groceries

ItemHermanNational avg.Difference
Ground Beef $3.98$4.4811.1%
Fried Chicken $1.78$1.4621.6%
Milk $2.94$2.3624.8%
Potatoes $2.25$3.0626.5%
Pizza $8.00$9.2413.4%
Beer $9.14$8.635.9%

Health Care

ItemHermanNational avg.Difference
Optometrist $79.40$99.7820.4%
Doctor $152.00$105.0344.7%
Dentist $95.00$88.707.1%
Ibuprofen $8.18$9.4113.1%
Lipitor $321.67$298.507.8%

Housing

ItemHermanNational avg.Difference
Home Price $51,100.00$175,700.0070.9%
Avg. Mortgage Payment $980.39$1,081.039.3%
Apartment Rent $375.00$920.0059.2%

Transportation

ItemHermanNational avg.Difference
Gasoline $1.90$2.099.2%
Tire Balancing $48.96$45.298.1%

Utilities

ItemHermanNational avg.Difference
All Electricity$159.00$170.806.9%
Phone $29.95$28.266.0%
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.
Tintah, MN5574-26%
Dumont, MN7975-25%
Norcross, MN5077-23%
Donnelly, MN27485-15%
Elbow Lake city, MN1,18683-17%
Herman, MN45278-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Smithland, KY45281-19%
Stollings, WV45281-19%
Peconic, NY45217878%
East Dailey, WV45294-6%
Sodaville, OR4521088%
Herman, MN45278-22%
Source: The Herman, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.