St. Louis Park 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. Louis ParkMinnesotaNational
Cost of living index110102100
IndexSt. Louis ParkMinnesotaNational
Goods & Services index108106100
Groceries index106105100
Health care index106110100
Housing index123101100
Transportation index10198100
Utilities index9691100
The above illustration supplies generalized information for the St. Louis Park, MN cost of living index. Compared to other cities in Minnesota and cities across the country, the cost of living index in St. Louis Park, MN is 110, which is 8% higher than the Minnesota average and 10% 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 St. Louis Park, MN are 1% higher than the average for Minnesota and 8% higher than the rest of the country.

Did you know?

  • The cost of living in St. Louis Park is 8% higher than the Minnesota average.
  • The cost of living in St. Louis Park is 10% higher than the national average.
  • The cost of housing in St. Louis Park is 23% 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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Compare St. Louis Park, MN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in St. Louis Park, 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. Louis Park, MN, then you would need to earn more income in order to maintain the same standard of living. To use the St. Louis Park, 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$82,129$6,844$1,916$2,464
Renters$46,663$3,889$1,089$1,400
How much of your monthly income goes to housing can tell you whether or not you can afford housing in St. Louis Park, MN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In St. Louis Park, MN homeowners have a median income of $82,129. Using that number, you will come up with a maximum of $1,916 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $46,663, which means there is a maximum of $1,089 to be spent on the costs of renting a home or apartment.

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 St. Louis Park, 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

ItemSt. Louis ParkNational avg.Difference
Haircut $24.24$15.5655.8%
Beauty Salon $34.24$36.115.2%
Toothpaste $3.32$2.4734.4%
Shampoo $1.04$0.967.4%
Movie $9.88$10.132.4%
Bowling $4.12$4.7413.1%

Groceries

ItemSt. Louis ParkNational avg.Difference
Ground Beef $4.14$3.984.0%
Fried Chicken $2.00$1.4142.1%
Milk $2.23$2.068.1%
Potatoes $3.30$2.9810.5%
Pizza $10.53$9.4711.1%
Beer $8.81$8.790.2%

Health Care

ItemSt. Louis ParkNational avg.Difference
Optometrist $81.38$101.0419.5%
Doctor $133.98$107.4424.7%
Dentist $85.91$90.425.0%
Ibuprofen $11.82$9.2827.4%
Lipitor $416.78$426.502.3%

Housing

ItemSt. Louis ParkNational avg.Difference
Home Price $228,900.00$175,700.0030.3%
Avg. Mortgage Payment $1,198.63$1,133.235.8%
Apartment Rent $971.00$920.005.5%

Transportation

ItemSt. Louis ParkNational avg.Difference
Gasoline $1.84$1.997.7%
Tire Balancing $55.26$45.7620.8%

Utilities

ItemSt. Louis ParkNational avg.Difference
All Electricity$167.80$163.812.4%
Phone $24.99$28.3912.0%
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.
Hilltop, MN82881-19%
Brooklyn Center, MN30,54998-2%
Lexington, MN2,01999-1%
Columbia Heights, MN19,6051000%
Osseo, MN2,4801011%
St. Louis Park, MN46,46611010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Potomac, MD46,47519898%
Cedar Hill, TX46,4141000%
Bonita Springs, FL46,38411010%
Ceres, CA46,5701066%
Bel Air South, MD46,61411818%
St. Louis Park, MN46,46611010%
Source: The St. Louis Park, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.