Northfield 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.
IndexNorthfieldMinnesotaNational
Cost of living index104102100
IndexNorthfieldMinnesotaNational
Goods & Services index109107100
Groceries index105107100
Health care index103108100
Housing index104101100
Transportation index10298100
Utilities index9187100
An overview of the general cost of living index for Northfield, MN is displayed above for your reference. Residents in Northfield, MN enjoy a cost of living index of 104. This index is 2% higher than the Minnesota average, and 4% 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 Northfield, MN, the average cost of goods and services is 2% higher than it is in Minnesota, and it is 9% higher than the national average.

Did you know?

  • The cost of living in Northfield is 2% higher than the Minnesota average.
  • The cost of living in Northfield is 4% higher than the national average.
  • The cost of housing in Northfield is 4% 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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The salary calculator is meant to help you compare your salary in Northfield, MN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Northfield, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Northfield, MN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$79,474$6,623$1,854$2,384
Renters$24,848$2,071$580$746
The affordability of the housing market in Northfield, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Northfield, MN homeowners, the median income is $79,474. This indicates that a monthly maximum of $1,854 should be spent by homeowners on all housing related costs. Renters have a median income of $24,848. This indicates that renters should have a maximum of $580 used for their rent related monthly costs.

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 you are determining the total cost of living in Northfield, MN you will want to make sure you consider both the Minnesota sales tax and the Minnesota income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Minnesota is 6.875%, with the highest surtax being 7.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Minnesota have a range from 5.35% to 9.85%.

Goods & Services

ItemNorthfieldNational 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%

Groceries

ItemNorthfieldNational 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

ItemNorthfieldNational 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%

Housing

ItemNorthfieldNational avg.Difference
Home Price $201,500.00$175,700.0014.7%
Avg. Mortgage Payment $1,173.84$1,081.038.6%
Apartment Rent $730.00$920.0020.7%

Transportation

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

Utilities

ItemNorthfieldNational 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.
Kenyon, MN1,84995-5%
Dennison, MN15096-4%
Faribault, MN23,46095-5%
Cannon Falls, MN4,07299-1%
Nerstrand, MN29099-1%
Northfield, MN20,3031044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sapulpa, OK20,30885-15%
Mountlake Terrace, WA20,31812222%
Fort Walton Beach, FL20,32097-3%
Portsmouth, OH20,32079-21%
Shelby, NC20,28391-9%
Northfield, MN20,3031044%
Source: The Northfield, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.