Cost Of Living In Heron Lake, MN

Heron 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.
Index	Heron Lake	Minnesota	National
Cost of living index	84	102	100
Index	Heron Lake	Minnesota	National
Goods & Services index	107	106	100
Groceries index	99	105	100
Health care index	115	110	100
Housing index	45	101	100
Transportation index	93	98	100
Utilities index	87	91	100

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The cost of living in Heron Lake is 18% lower than the Minnesota average.
The cost of living in Heron Lake is 16% lower than the national average.
The cost of housing in Heron Lake is 55% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$54,750	$4,563	$1,277	$1,643
Renters	$15,938	$1,328	$372	$478

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Heron Lake	National avg.	Difference
Haircut	$19.75	$15.56	26.9%
Beauty Salon	$30.00	$36.11	16.9%
Toothpaste	$2.92	$2.47	18.0%
Shampoo	$0.99	$0.96	2.9%
Movie	$9.63	$10.13	4.9%
Bowling	$3.67	$4.74	22.6%

Groceries

Item	Heron Lake	National avg.	Difference
Ground Beef	$3.97	$3.98	0.4%
Fried Chicken	$1.89	$1.41	34.3%
Milk	$1.93	$2.06	6.5%
Potatoes	$2.57	$2.98	13.9%
Pizza	$10.33	$9.47	9.0%
Beer	$8.23	$8.79	6.4%

Health Care

Item	Heron Lake	National avg.	Difference
Optometrist	$76.50	$101.04	24.3%
Doctor	$166.41	$107.44	54.9%
Dentist	$99.00	$90.42	9.5%
Ibuprofen	$9.31	$9.28	0.3%
Lipitor	$390.15	$426.50	8.5%

Housing

Item	Heron Lake	National avg.	Difference
Home Price	$68,300.00	$175,700.00	61.1%
Avg. Mortgage Payment	$791.36	$1,133.23	30.2%
Apartment Rent	$542.00	$920.00	41.1%

Transportation

Item	Heron Lake	National avg.	Difference
Gasoline	$1.89	$1.99	5.1%
Tire Balancing	$40.13	$45.76	12.3%

Utilities

Item	Heron Lake	National avg.	Difference
All Electricity	$152.01	$163.81	7.2%
Phone	$22.99	$28.39	19.0%

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, State	Population	Cost of Living Index	National Avg.
Kinbrae, MN	4	99	-1%
Dundee, MN	89	76	-24%
Bingham Lake, MN	141	79	-21%
Wilder, MN	42	79	-21%
Okabena, MN	180	79	-21%
Heron Lake, MN	626	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Witmer, PA	626	105	5%
Loretto, KY	626	83	-17%
Wickes, AR	626	79	-21%
Painted Hills, IN	626	98	-2%
Alden, MN	626	87	-13%
Heron Lake, MN	626	84	-16%

Source: The Heron 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.

Heron Lake, MN Cost of Living