St. Charles 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.
IndexSt. CharlesMinnesotaNational
Cost of living index100102100
IndexSt. CharlesMinnesotaNational
Goods & Services index112107100
Groceries index107107100
Health care index110108100
Housing index84101100
Transportation index10498100
Utilities index9287100
Here we can see a simple outline of the cost of living in St. Charles, MN. As you can see, with the average cost of living in St. Charles, MN being 100, that puts it 2% lower than the average of Minnesota and equal to our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of St. Charles, MN, the price of goods and services are 5% higher than the average of Minnesota as well as 12% higher than the nation's average.

Did you know?

  • The cost of living in St. Charles is 2% lower than the Minnesota average.
  • The cost of living in St. Charles is equal to the national average.
  • The cost of housing in St. Charles is 16% 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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Compare St. Charles, MN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in St. Charles, MN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of St. Charles, MN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the St. Charles, MN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,237$6,020$1,685$2,167
Renters$24,484$2,040$571$735
If you want to find a good determining factor for the cost of living and the general affordability of housing in St. Charles, 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 St. Charles, MN, the median monthly income is $72,237 for those who own their own homes. Under the standard rule, that income level would allow for $1,685 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,484, per the median income in the area. That would allow for renters to spend up to $571 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%
When you are determining the total cost of living in St. Charles, 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

ItemSt. CharlesNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $31.40$34.689.5%
Toothpaste $3.66$2.4748.0%
Shampoo $1.06$1.023.7%
Movie $9.25$9.876.3%
Bowling $6.00$4.3936.6%

Groceries

ItemSt. CharlesNational avg.Difference
Ground Beef $4.38$4.482.2%
Fried Chicken $1.67$1.4614.1%
Milk $2.54$2.367.8%
Potatoes $2.25$3.0626.5%
Pizza $11.00$9.2419.0%
Beer $8.24$8.634.6%

Health Care

ItemSt. CharlesNational avg.Difference
Optometrist $121.33$99.7821.6%
Doctor $146.30$105.0339.3%
Dentist $84.40$88.704.8%
Ibuprofen $9.56$9.411.6%
Lipitor $300.89$298.500.8%

Housing

ItemSt. CharlesNational avg.Difference
Home Price $161,100.00$175,700.008.3%
Avg. Mortgage Payment $839.64$1,081.0322.3%
Apartment Rent $611.00$920.0033.6%

Transportation

ItemSt. CharlesNational avg.Difference
Gasoline $2.14$2.092.4%
Tire Balancing $49.65$45.299.6%

Utilities

ItemSt. CharlesNational avg.Difference
All Electricity$184.37$170.807.9%
Phone $19.99$28.2629.3%
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.
Utica, MN28593-7%
Peterson, MN19494-6%
Elba, MN13894-6%
Plainview, MN3,29794-6%
Altura, MN46797-3%
St. Charles, MN3,7161000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Unadilla, GA3,71677-23%
White City, FL3,7161055%
Hohenwald, TN3,71683-17%
Wrightsville, GA3,71779-21%
Hebron, IN3,71492-8%
St. Charles, MN3,7161000%
Source: The St. Charles, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.