Minnetonka Beach 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.
IndexMinnetonka BeachMinnesotaNational
Cost of living index244102100
IndexMinnetonka BeachMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index569101100
Transportation index10198100
Utilities index9387100

Did you know?

  • The cost of living in Minnetonka Beach is 139% higher than the Minnesota average.
  • The cost of living in Minnetonka Beach is 144% higher than the national average.
  • The cost of housing in Minnetonka Beach is 469% 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 Minnetonka Beach

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Minnetonka Beach

Compare Minnetonka Beach, 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$166,875$13,906$3,893$5,007
Renters$31,500$2,625$735$945

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

ItemMinnetonka BeachNational 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

ItemMinnetonka BeachNational 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

ItemMinnetonka BeachNational 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

ItemMinnetonka BeachNational avg.Difference
Home Price $1,750,000.00$175,700.00896.0%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $0.00$920.00100.0%

Transportation

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

Utilities

ItemMinnetonka BeachNational 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%
Rockford, MN4,2141022%
Minnetonka Beach, MN587244144%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bland, VA58787-13%
Stowe, VT58714141%
Mammoth, PA58799-1%
Sutersville, PA58788-12%
Sinclairville, NY58778-22%
Minnetonka Beach, MN587244144%
Source: The Minnetonka Beach, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.