St. James 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. JamesMinnesotaNational
Cost of living index86102100
IndexSt. JamesMinnesotaNational
Goods & Services index107106100
Groceries index99105100
Health care index115110100
Housing index50101100
Transportation index9398100
Utilities index8791100
A general overview of the cost of living index for St. James, MN is displayed above. In St. James, MN, the overall cost of living index is 86, which is 16% lower than the Minnesota average and 14% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of St. James, MN, the city's goods and services are 1% higher than the Minnesota average and 7% higher than the U.S. average.

Did you know?

  • The cost of living in St. James is 16% lower than the Minnesota average.
  • The cost of living in St. James is 14% lower than the national average.
  • The cost of housing in St. James is 50% 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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Use the salary calculator to compare your current salary in St. James, 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 St. James, MN, then you would need to earn more income in order to maintain the same standard of living. To use the St. James, 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$55,938$4,662$1,305$1,678
Renters$26,585$2,215$620$798
The affordability of the housing market in St. James, 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 St. James, MN homeowners, the median income is $55,938. This indicates that a monthly maximum of $1,305 should be spent by homeowners on all housing related costs. Renters have a median income of $26,585. This indicates that renters should have a maximum of $620 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 St. James, 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. JamesNational avg.Difference
Haircut $19.75$15.5626.9%
Beauty Salon $30.00$36.1116.9%
Toothpaste $2.92$2.4718.0%
Shampoo $0.99$0.962.9%
Movie $9.63$10.134.9%
Bowling $3.67$4.7422.6%

Groceries

ItemSt. JamesNational avg.Difference
Ground Beef $3.97$3.980.4%
Fried Chicken $1.89$1.4134.3%
Milk $1.93$2.066.5%
Potatoes $2.57$2.9813.9%
Pizza $10.33$9.479.0%
Beer $8.23$8.796.4%

Health Care

ItemSt. JamesNational avg.Difference
Optometrist $76.50$101.0424.3%
Doctor $166.41$107.4454.9%
Dentist $99.00$90.429.5%
Ibuprofen $9.31$9.280.3%
Lipitor $390.15$426.508.5%

Housing

ItemSt. JamesNational avg.Difference
Home Price $79,400.00$175,700.0054.8%
Avg. Mortgage Payment $791.36$1,133.2330.2%
Apartment Rent $554.00$920.0039.8%

Transportation

ItemSt. JamesNational avg.Difference
Gasoline $1.89$1.995.1%
Tire Balancing $40.13$45.7612.3%

Utilities

ItemSt. JamesNational avg.Difference
All Electricity$152.01$163.817.2%
Phone $22.99$28.3919.0%
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.
Darfur, MN12275-25%
Ormsby, MN13477-23%
Odin, MN10480-20%
La Salle, MN7181-19%
Mountain Lake, MN2,17583-17%
St. James, MN4,56586-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Hazleton, PA4,56590-10%
Glendale, CO4,56496-4%
Chain Lake, WA4,56613333%
Beecher, IL4,56899-1%
Tazewell, VA4,56887-13%
St. James, MN4,56586-14%
Source: The St. James, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.