Litchfield 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.
IndexLitchfieldMinnesotaNational
Cost of living index93102100
IndexLitchfieldMinnesotaNational
Goods & Services index103106100
Groceries index110105100
Health care index113110100
Housing index73101100
Transportation index10398100
Utilities index8591100
Here we can see a simple outline of the cost of living in Litchfield, MN. As you can see, with the average cost of living in Litchfield, MN being 93, that puts it 9% lower than the average of Minnesota and 7% 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 Litchfield, MN, the price of goods and services are 3% lower than the average of Minnesota as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Litchfield is 9% lower than the Minnesota average.
  • The cost of living in Litchfield is 7% lower than the national average.
  • The cost of housing in Litchfield is 27% 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 Litchfield, MN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Litchfield, MN would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Litchfield, MN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Litchfield, MN salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,088$5,007$1,402$1,803
Renters$30,875$2,573$720$926
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Litchfield, MN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Litchfield, MN has a median income of about $60,088 for people who own homes. Based on that number, a person should spend a maximum of $1,402 on expenses related to housing. Renters have a slightly different median income, which is $30,875. Based on this average, renters should spend no more than $720 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%
When you are determining the total cost of living in Litchfield, MN you will want to make sure you consider both the Minnesota sales tax and the Minnesota income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Minnesota is 6.875%, with the highest surtax being 7.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Minnesota have a range from 5.35% to 9.85%.

Goods & Services

ItemLitchfieldNational avg.Difference
Haircut $21.91$15.5640.8%
Beauty Salon $31.17$36.1113.7%
Toothpaste $3.64$2.4747.2%
Shampoo $1.19$0.9623.3%
Movie $10.04$10.130.9%
Bowling $4.29$4.749.4%

Groceries

ItemLitchfieldNational avg.Difference
Ground Beef $5.28$3.9832.5%
Fried Chicken $2.27$1.4161.2%
Milk $2.45$2.0618.8%
Potatoes $2.45$2.9817.7%
Pizza $8.10$9.4714.5%
Beer $9.08$8.793.3%

Health Care

ItemLitchfieldNational avg.Difference
Optometrist $121.76$101.0420.5%
Doctor $164.95$107.4453.5%
Dentist $87.93$90.422.7%
Ibuprofen $9.49$9.282.2%
Lipitor $392.82$426.507.9%

Housing

ItemLitchfieldNational avg.Difference
Home Price $127,800.00$175,700.0027.3%
Avg. Mortgage Payment $891.28$1,133.2321.4%
Apartment Rent $678.00$920.0026.3%

Transportation

ItemLitchfieldNational avg.Difference
Gasoline $1.94$1.992.8%
Tire Balancing $52.70$45.7615.2%

Utilities

ItemLitchfieldNational avg.Difference
All Electricity$169.36$163.813.4%
Phone $17.02$28.3940.0%
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.
Cosmos, MN51387-13%
Cedar Mills, MN4588-12%
Watkins, MN89788-12%
Grove City, MN72289-11%
Atwater, MN1,01289-11%
Litchfield, MN6,68993-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Groesbeck, OH6,68891-9%
Kula, HI6,687203103%
East Rochester, NY6,68792-8%
St. Joseph, MN6,69498-2%
Fox Point, WI6,69511616%
Litchfield, MN6,68993-7%
Source: The Litchfield, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.