Lakeland 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.
IndexLakelandMinnesotaNational
Cost of living index110102100
IndexLakelandMinnesotaNational
Goods & Services index107105100
Groceries index105106100
Health care index106113100
Housing index123100100
Transportation index105103100
Utilities index9089100

Did you know?

  • The cost of living in Lakeland is 7% higher than the Minnesota average.
  • The cost of living in Lakeland is 10% higher than the national average.
  • The cost of housing in Lakeland is 23% 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.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$89,688$7,474$2,093$2,691
Renters$45,625$3,802$1,065$1,369

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

ItemLakelandNational avg.Difference
Haircut $22.35$16.0939.0%
Beauty Salon $35.96$37.333.7%
Toothpaste $3.33$2.4535.9%
Shampoo $1.07$1.006.9%
Movie $10.02$10.282.5%
Bowling $3.95$4.9319.8%

Groceries

ItemLakelandNational avg.Difference
Ground Beef $4.16$3.809.5%
Fried Chicken $1.97$1.4041.3%
Milk $2.22$2.0110.4%
Potatoes $3.33$3.0110.5%
Pizza $11.55$9.8916.8%
Beer $8.97$8.900.8%

Health Care

ItemLakelandNational avg.Difference
Optometrist $85.02$102.1616.8%
Doctor $135.93$108.3625.4%
Dentist $84.21$92.539.0%
Ibuprofen $11.98$9.2829.1%
Lipitor $423.18$425.820.6%

Housing

ItemLakelandNational avg.Difference
Home Price $225,500.00$184,700.0022.1%
Avg. Mortgage Payment $1,261.54$1,202.444.9%
Apartment Rent $1,192.00$949.0025.6%

Transportation

ItemLakelandNational avg.Difference
Gasoline $2.23$2.240.5%
Tire Balancing $53.80$46.2916.2%

Utilities

ItemLakelandNational avg.Difference
All Electricity$153.14$165.967.7%
Phone $24.99$28.6812.9%
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, MN79375-25%
Ellsworth, WI3,22297-3%
New Richmond, WI8,68798-2%
Somerset, WI2,68698-2%
Roberts, WI1,64198-2%
Lakeland, MN1,84711010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Adams Center, NY1,84791-9%
Westhampton Beach, NY1,84717575%
Homer, MI1,84675-25%
Kouts, IN1,84696-4%
Lake City, TN1,84871-29%
Lakeland, MN1,84711010%
Source: The Lakeland, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.