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.
IndexHeron LakeMinnesotaNational
Cost of living index84102100
IndexHeron LakeMinnesotaNational
Goods & Services index107106100
Groceries index99105100
Health care index115110100
Housing index45101100
Transportation index9398100
Utilities index8791100

Did you know?

  • 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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Compare Heron Lake, MN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax 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

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%

Goods & Services

ItemHeron LakeNational avg.Difference
Haircut $19.75$15.5626.9%
Beauty Salon $30.00$36.1116.9%
Toothpaste $2.92$2.4718.0%
Shampoo $0.99$0.962.9%
Movie $9.63$10.134.9%
Bowling $3.67$4.7422.6%

Groceries

ItemHeron LakeNational avg.Difference
Ground Beef $3.97$3.980.4%
Fried Chicken $1.89$1.4134.3%
Milk $1.93$2.066.5%
Potatoes $2.57$2.9813.9%
Pizza $10.33$9.479.0%
Beer $8.23$8.796.4%

Health Care

ItemHeron LakeNational avg.Difference
Optometrist $76.50$101.0424.3%
Doctor $166.41$107.4454.9%
Dentist $99.00$90.429.5%
Ibuprofen $9.31$9.280.3%
Lipitor $390.15$426.508.5%

Housing

ItemHeron LakeNational avg.Difference
Home Price $68,300.00$175,700.0061.1%
Avg. Mortgage Payment $791.36$1,133.2330.2%
Apartment Rent $542.00$920.0041.1%

Transportation

ItemHeron LakeNational avg.Difference
Gasoline $1.89$1.995.1%
Tire Balancing $40.13$45.7612.3%

Utilities

ItemHeron LakeNational avg.Difference
All Electricity$152.01$163.817.2%
Phone $22.99$28.3919.0%
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.
Kinbrae, MN499-1%
Dundee, MN8976-24%
Bingham Lake, MN14179-21%
Wilder, MN4279-21%
Okabena, MN18079-21%
Heron Lake, MN62684-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wickes, AR62679-21%
Loretto, KY62683-17%
Painted Hills, IN62698-2%
Alden, MN62687-13%
Briaroaks, TX6261055%
Heron Lake, MN62684-16%
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.