North Branch 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.
IndexNorth BranchMinnesotaNational
Cost of living index100102100
IndexNorth BranchMinnesotaNational
Goods & Services index109107100
Groceries index105107100
Health care index103108100
Housing index90101100
Transportation index10298100
Utilities index9187100
A general summary of the cost of living index in North Branch, MN is shown above. Compared to the state average of Minnesota the cost of living index in North Branch, MN is 100, which is 2% lower than the average in Minnesota and compared to the national average it is equal to. 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 North Branch, MN goods and services come in at 2% higher than the average in Minnesota and are 9% higher than compared to the nationwide average.

Did you know?

  • The cost of living in North Branch is 2% lower than the Minnesota average.
  • The cost of living in North Branch is equal to the national average.
  • The cost of housing in North Branch is 10% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in North Branch, 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 North Branch, MN, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The North Branch, 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)
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 North Branch, 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. North Branch, MN has a median income of about $72,001 for people who own homes. Based on that number, a person should spend a maximum of $1,680 on expenses related to housing. Renters have a slightly different median income, which is $26,166. Based on this average, renters should spend no more than $610 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

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in North Branch, MN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Minnesota sales tax is 6.875% and the maximum surtax is 7.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemNorth BranchNational avg.Difference
Haircut $22.74$14.5955.8%
Beauty Salon $33.43$34.683.6%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.88$9.870.1%
Bowling $4.16$4.395.3%


ItemNorth BranchNational avg.Difference
Ground Beef $3.76$4.4816.0%
Fried Chicken $1.92$1.4631.1%
Milk $2.24$2.365.0%
Potatoes $3.22$3.065.2%
Pizza $10.57$9.2414.4%
Beer $8.66$8.630.3%

Health Care

ItemNorth BranchNational avg.Difference
Optometrist $81.89$99.7817.9%
Doctor $131.17$105.0324.9%
Dentist $86.82$88.702.1%
Ibuprofen $11.79$9.4125.3%
Lipitor $250.88$298.5016.0%


ItemNorth BranchNational avg.Difference
Home Price $160,800.00$175,700.008.5%
Avg. Mortgage Payment $1,173.84$1,081.038.6%
Apartment Rent $797.00$920.0013.4%


ItemNorth BranchNational avg.Difference
Gasoline $1.97$2.095.8%
Tire Balancing $55.48$45.2922.5%


ItemNorth BranchNational avg.Difference
All Electricity$158.73$170.807.1%
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.
Stanchfield, MN12086-14%
Braham, MN1,88591-9%
Stacy, MN1,53992-8%
Rush City, MN3,07494-6%
Shafer, MN93695-5%
North Branch, MN10,0991000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodbury, NJ10,0981099%
Wyndham, VA10,10114141%
Atmore, AL10,09685-15%
Lanham, MD10,10211515%
Waterloo, IL10,102100-0%
North Branch, MN10,0991000%
Source: The North Branch, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.