Minneota 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.
IndexMinneotaMinnesotaNational
Cost of living index89102100
IndexMinneotaMinnesotaNational
Goods & Services index98106100
Groceries index94105100
Health care index107110100
Housing index66101100
Transportation index9698100
Utilities index11191100

Did you know?

  • The cost of living in Minneota is 13% lower than the Minnesota average.
  • The cost of living in Minneota is 11% lower than the national average.
  • The cost of housing in Minneota is 34% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,500$4,792$1,342$1,725
Renters$35,375$2,948$825$1,061

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

ItemMinneotaNational avg.Difference
Haircut $14.76$15.565.2%
Beauty Salon $28.76$36.1120.4%
Toothpaste $1.89$2.4723.7%
Shampoo $0.89$0.967.3%
Movie $9.98$10.131.4%
Bowling $4.09$4.7413.7%

Groceries

ItemMinneotaNational avg.Difference
Ground Beef $3.74$3.986.1%
Fried Chicken $1.76$1.4124.9%
Milk $0.99$2.0651.9%
Potatoes $2.30$2.9822.7%
Pizza $9.01$9.474.9%
Beer $8.18$8.797.0%

Health Care

ItemMinneotaNational avg.Difference
Optometrist $110.76$101.049.6%
Doctor $134.73$107.4425.4%
Dentist $88.90$90.421.7%
Ibuprofen $8.46$9.288.8%
Lipitor $442.41$426.503.7%

Housing

ItemMinneotaNational avg.Difference
Home Price $98,900.00$175,700.0043.7%
Avg. Mortgage Payment $931.24$1,133.2317.8%
Apartment Rent $808.00$920.0012.2%

Transportation

ItemMinneotaNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $41.29$45.769.8%

Utilities

ItemMinneotaNational avg.Difference
All Electricity$167.55$163.812.3%
Phone $35.00$28.3923.3%
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.
Arco, MN9174-26%
St. Leo, MN12378-22%
Hazel Run, MN1883-17%
Taunton, MN19381-19%
Ivanhoe, MN50082-18%
Minneota, MN1,34389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Palmdale, PA1,343100-0%
Camp Point, IL1,34378-22%
Mountain View town, WY1,34394-6%
Lincoln Center, KS1,34376-24%
Fincastle, TN1,34375-25%
Minneota, MN1,34389-11%
Source: The Minneota, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.