Minnetrista 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.
IndexMinnetristaMinnesotaNational
Cost of living index127102100
IndexMinnetristaMinnesotaNational
Goods & Services index110107100
Groceries index105107100
Health care index103108100
Housing index178101100
Transportation index10198100
Utilities index9387100
A general summary of the cost of living index in Minnetrista, MN is shown above. Compared to the state average of Minnesota the cost of living index in Minnetrista, MN is 127, which is 24% higher than the average in Minnesota and compared to the national average it is 27% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Minnetrista, MN goods and services come in at 3% higher than the average in Minnesota and are 10% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Minnetrista is 24% higher than the Minnesota average.
  • The cost of living in Minnetrista is 27% higher than the national average.
  • The cost of housing in Minnetrista is 78% 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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Compare Minnetrista, MN Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Minnetrista, MN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Minnetrista, MN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Minnetrista, MN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$117,580$9,798$2,743$3,528
Renters$23,077$1,923$538$692
If you want to find a good determining factor for the cost of living and the general affordability of housing in Minnetrista, 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 Minnetrista, MN, the median monthly income is $117,580 for those who own their own homes. Under the standard rule, that income level would allow for $2,743 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,077, per the median income in the area. That would allow for renters to spend up to $538 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%
One thing to keep in mind when considering the cost of living in Minnetrista, MN is the Minnesota sales tax and Minnesota income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Minnesota sales tax rate is 6.875% and the maximum surtax that can be charged is 7.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemMinnetristaNational 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

ItemMinnetristaNational 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

ItemMinnetristaNational 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

ItemMinnetristaNational avg.Difference
Home Price $384,400.00$175,700.00118.8%
Avg. Mortgage Payment $1,221.08$1,081.0313.0%
Apartment Rent $758.00$920.0017.6%

Transportation

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

Utilities

ItemMinnetristaNational 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.
New Germany, MN42597-3%
Montrose, MN2,95298-2%
Hamburg, MN50099-1%
Norwood Young America, MN3,617100-0%
Watertown, MN4,243100-0%
Minnetrista, MN6,66112727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Covedale, OH6,66095-5%
North Syracuse, NY6,65991-9%
Grove, OK6,65887-13%
Hudson, NY6,6581066%
Belfast, ME6,6641088%
Minnetrista, MN6,66112727%
Source: The Minnetrista, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.