Medina 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.
IndexMedinaMinnesotaNational
Cost of living index158102100
IndexMedinaMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index281101100
Transportation index10198100
Utilities index9387100
An overview of the general cost of living index for Medina, MN is displayed above for your reference. Residents in Medina, MN enjoy a cost of living index of 158. This index is 54% higher than the Minnesota average, and 58% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Medina, MN, the average cost of goods and services is 3% higher than it is in Minnesota, and it is 10% higher than the national average.

Did you know?

  • The cost of living in Medina is 54% higher than the Minnesota average.
  • The cost of living in Medina is 58% higher than the national average.
  • The cost of housing in Medina is 181% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Medina, MN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Medina, MN, then you would need to earn more income in order to maintain the same standard of living. To use the Medina, MN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$130,875$10,906$3,054$3,927
Renters$84,583$7,049$1,973$2,538
If you want to find a good determining factor for the cost of living and the general affordability of housing in Medina, MN, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Medina, MN, the median monthly income is $130,875 for those who own their own homes. Under the standard rule, that income level would allow for $3,054 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $84,583, per the median income in the area. That would allow for renters to spend up to $1,973 on monthly rental expenses.

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 assessing the complete cost of living in Medina, MN, the Minnesota income tax and the Minnesota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Minnesota maximum surtax is 7.875%, and the Minnesota sales tax is 6.875%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.35% to 9.85% in Minnesota.

Goods & Services

ItemMedinaNational avg.Difference
Haircut $22.60$14.5954.9%
Beauty Salon $33.37$34.683.8%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.80$9.870.7%
Bowling $4.06$4.397.6%

Groceries

ItemMedinaNational avg.Difference
Ground Beef $3.63$4.4818.9%
Fried Chicken $1.85$1.4626.4%
Milk $2.33$2.361.1%
Potatoes $3.12$3.061.9%
Pizza $10.58$9.2414.5%
Beer $8.48$8.631.8%

Health Care

ItemMedinaNational avg.Difference
Optometrist $82.75$99.7817.1%
Doctor $133.63$105.0327.2%
Dentist $84.81$88.704.4%
Ibuprofen $11.66$9.4123.9%
Lipitor $252.50$298.5015.4%

Housing

ItemMedinaNational avg.Difference
Home Price $589,900.00$175,700.00235.7%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $1,405.00$920.0052.7%

Transportation

ItemMedinaNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $54.71$45.2920.8%

Utilities

ItemMedinaNational avg.Difference
All Electricity$163.14$170.804.5%
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.
Brooklyn Center, MN30,54998-2%
Watertown, MN4,243100-0%
Osseo, MN2,4801011%
Crystal, MN22,4591022%
Anoka, MN17,2021022%
Medina, MN5,16315858%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodstock, VA5,1641033%
Sawmills, NC5,16488-12%
Jan Phyl Village, FL5,16190-10%
Chardon, OH5,1611000%
Muleshoe, TX5,16177-23%
Medina, MN5,16315858%
Source: The Medina, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.