La Crescent 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.
IndexLa CrescentMinnesotaNational
Cost of living index96102100
IndexLa CrescentMinnesotaNational
Goods & Services index102106100
Groceries index95105100
Health care index111110100
Housing index85101100
Transportation index10998100
Utilities index9491100
Here we can see a simple outline of the cost of living in La Crescent, MN. As you can see, with the average cost of living in La Crescent, MN being 96, that puts it 6% lower than the average of Minnesota and 4% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of La Crescent, MN, the price of goods and services are 4% lower than the average of Minnesota as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in La Crescent is 6% lower than the Minnesota average.
  • The cost of living in La Crescent is 4% lower than the national average.
  • The cost of housing in La Crescent is 15% 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 La Crescent, MN Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in La Crescent, 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 La Crescent, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the La Crescent, 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)
Owners$64,981$5,415$1,516$1,950
Renters$18,969$1,581$443$569
The affordability of the housing market in La Crescent, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among La Crescent, MN homeowners, the median income is $64,981. This indicates that a monthly maximum of $1,516 should be spent by homeowners on all housing related costs. Renters have a median income of $18,969. This indicates that renters should have a maximum of $443 used for their rent related monthly costs.

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 La Crescent, 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

ItemLa CrescentNational avg.Difference
Haircut $17.33$15.5611.4%
Beauty Salon $31.67$36.1112.3%
Toothpaste $2.55$2.473.1%
Shampoo $1.04$0.968.1%
Movie $9.47$10.136.5%
Bowling $4.30$4.749.1%

Groceries

ItemLa CrescentNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.54$1.419.2%
Milk $1.79$2.0613.4%
Potatoes $2.00$2.9833.0%
Pizza $11.44$9.4720.8%
Beer $7.56$8.7914.0%

Health Care

ItemLa CrescentNational avg.Difference
Optometrist $115.00$101.0413.8%
Doctor $149.69$107.4439.3%
Dentist $88.62$90.422.0%
Ibuprofen $8.82$9.285.0%
Lipitor $447.40$426.504.9%

Housing

ItemLa CrescentNational avg.Difference
Home Price $163,900.00$175,700.006.7%
Avg. Mortgage Payment $910.06$1,133.2319.7%
Apartment Rent $601.00$920.0034.7%

Transportation

ItemLa CrescentNational avg.Difference
Gasoline $2.01$1.990.8%
Tire Balancing $59.00$45.7628.9%

Utilities

ItemLa CrescentNational avg.Difference
All Electricity$167.94$163.812.5%
Phone $23.33$28.3917.8%
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.
Houston, MN1,01488-12%
Coon Valley, WI76685-15%
Caledonia, MN2,82490-10%
Chaseburg, WI23492-8%
Stoddard, WI79092-8%
La Crescent, MN4,87196-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cicero, IN4,87086-14%
Plantation CDP, FL4,8731099%
Zapata, TX4,87367-33%
Fetters Hot Springs-Agua Caliente, CA4,86614444%
Montrose-Ghent, OH4,87612020%
La Crescent, MN4,87196-4%
Source: The La Crescent, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.