Oakdale 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.
IndexOakdaleMinnesotaNational
Cost of living index105102100
IndexOakdaleMinnesotaNational
Goods & Services index109107100
Groceries index105107100
Health care index103108100
Housing index107101100
Transportation index10298100
Utilities index9187100
The above illustration supplies generalized information for the Oakdale, MN cost of living index. Compared to other cities in Minnesota and cities across the country, the cost of living index in Oakdale, MN is 105, which is 3% higher than the Minnesota average and 5% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Oakdale, MN are 2% higher than the average for Minnesota and 9% higher than the rest of the country.

Did you know?

  • The cost of living in Oakdale is 3% higher than the Minnesota average.
  • The cost of living in Oakdale is 5% higher than the national average.
  • The cost of housing in Oakdale is 7% 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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Use the salary calculator to compare your current salary in Oakdale, MN to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Oakdale, MN, then you would need to earn more income in order to maintain the same standard of living. To use the Oakdale, MN salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$80,207$6,684$1,871$2,406
Renters$32,043$2,670$748$961
One can approximate the cost of living and the housing affordability in Oakdale, MN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Oakdale, MN have a median income of $80,207. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,871 per month to avoid calamity and poverty. The renters in the city have an income of about $32,043, which would make their monthly maximum allowable rental costs $748.

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 Oakdale, 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

ItemOakdaleNational 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

ItemOakdaleNational 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

ItemOakdaleNational 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

ItemOakdaleNational avg.Difference
Home Price $188,500.00$175,700.007.3%
Avg. Mortgage Payment $1,173.84$1,081.038.6%
Apartment Rent $986.00$920.007.2%

Transportation

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

Utilities

ItemOakdaleNational 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.
Landfall, MN79679-21%
Hilltop, MN82881-19%
Somerset, WI2,65597-3%
St. Paul Park, MN5,32799-1%
Lexington, MN2,019100-0%
Oakdale, MN27,7051055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Maywood, CA27,70312020%
Desert Hot Springs, CA27,6781000%
Marshalltown, IA27,74980-20%
Southlake, TX27,75515050%
Harker Heights, TX27,75793-7%
Oakdale, MN27,7051055%
Source: The Oakdale, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.