Lakeland Shores 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.
IndexLakeland ShoresMinnesotaNational
Cost of living index120102100
IndexLakeland ShoresMinnesotaNational
Goods & Services index109107100
Groceries index105107100
Health care index103108100
Housing index157101100
Transportation index10298100
Utilities index9187100

Did you know?

  • The cost of living in Lakeland Shores is 17% higher than the Minnesota average.
  • The cost of living in Lakeland Shores is 20% higher than the national average.
  • The cost of housing in Lakeland Shores is 57% 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.

Find Real Estate Listings In Lakeland Shores

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Lakeland Shores

Compare Lakeland Shores, MN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$93,750$7,813$2,187$2,813
Renters$42,188$3,516$984$1,266

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

ItemLakeland ShoresNational avg.Difference
Haircut $22.74$14.5955.8%
Beauty Salon $33.43$34.683.6%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.88$9.870.1%
Bowling $4.16$4.395.3%

Groceries

ItemLakeland ShoresNational avg.Difference
Ground Beef $3.76$4.4816.0%
Fried Chicken $1.92$1.4631.1%
Milk $2.24$2.365.0%
Potatoes $3.22$3.065.2%
Pizza $10.57$9.2414.4%
Beer $8.66$8.630.3%

Health Care

ItemLakeland ShoresNational avg.Difference
Optometrist $81.89$99.7817.9%
Doctor $131.17$105.0324.9%
Dentist $86.82$88.702.1%
Ibuprofen $11.79$9.4125.3%
Lipitor $250.88$298.5016.0%

Housing

ItemLakeland ShoresNational avg.Difference
Home Price $275,000.00$175,700.0056.5%
Avg. Mortgage Payment $1,173.84$1,081.038.6%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemLakeland ShoresNational avg.Difference
Gasoline $1.97$2.095.8%
Tire Balancing $55.48$45.2922.5%

Utilities

ItemLakeland ShoresNational avg.Difference
All Electricity$158.73$170.807.1%
Phone $24.99$28.2611.6%
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.
Landfall, MN79679-21%
Somerset, WI2,65597-3%
New Richmond, WI8,50198-2%
Ellsworth, WI3,24899-1%
St. Paul Park, MN5,32799-1%
Lakeland Shores, MN30612020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pleasant Plains, AR30677-23%
Empire, CO30699-1%
Stotonic Village, AZ30682-18%
Packwood, IA30676-24%
Avera, GA30679-21%
Lakeland Shores, MN30612020%
Source: The Lakeland Shores, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.