Thief River Falls 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.
IndexThief River FallsMinnesotaNational
Cost of living index86102100
IndexThief River FallsMinnesotaNational
Goods & Services index96107100
Groceries index101107100
Health care index114108100
Housing index59101100
Transportation index9598100
Utilities index9987100
A general overview of the cost of living index for Thief River Falls, MN is displayed above. In Thief River Falls, 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 Thief River Falls, MN, the city's goods and services are 10% lower than the Minnesota average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Thief River Falls is 16% lower than the Minnesota average.
  • The cost of living in Thief River Falls is 14% lower than the national average.
  • The cost of housing in Thief River Falls is 41% 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 Thief River Falls, MN Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Thief River Falls, 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 Thief River Falls, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Thief River Falls, 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$52,456$4,371$1,224$1,574
Renters$22,810$1,901$532$684
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Thief River Falls, 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 Thief River Falls, MN homeowners have a median income of $52,456. Using that number, you will come up with a maximum of $1,224 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,810, which means there is a maximum of $532 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%
When you are determining the total cost of living in Thief River Falls, 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

ItemThief River FallsNational avg.Difference
Haircut $15.15$14.593.8%
Beauty Salon $27.25$34.6821.4%
Toothpaste $2.31$2.476.6%
Shampoo $1.03$1.020.8%
Movie $10.00$9.871.3%
Bowling $3.67$4.3916.4%

Groceries

ItemThief River FallsNational avg.Difference
Ground Beef $3.98$4.4811.1%
Fried Chicken $1.78$1.4621.6%
Milk $2.94$2.3624.8%
Potatoes $2.25$3.0626.5%
Pizza $8.00$9.2413.4%
Beer $9.14$8.635.9%

Health Care

ItemThief River FallsNational avg.Difference
Optometrist $79.40$99.7820.4%
Doctor $152.00$105.0344.7%
Dentist $95.00$88.707.1%
Ibuprofen $8.18$9.4113.1%
Lipitor $321.67$298.507.8%

Housing

ItemThief River FallsNational avg.Difference
Home Price $102,900.00$175,700.0041.4%
Avg. Mortgage Payment $980.39$1,081.039.3%
Apartment Rent $547.00$920.0040.5%

Transportation

ItemThief River FallsNational avg.Difference
Gasoline $1.90$2.099.2%
Tire Balancing $48.96$45.298.1%

Utilities

ItemThief River FallsNational avg.Difference
All Electricity$159.00$170.806.9%
Phone $29.95$28.266.0%
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.
Viking, MN12079-21%
Holt, MN10780-20%
Plummer, MN40583-17%
St. Hilaire, MN26485-15%
Thief River Falls, MN8,66286-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Makaha, HI8,66315151%
Bradford, PA8,66577-23%
Edgewood, KY8,66597-3%
Trinidad, CO8,65785-15%
Stone Ridge, VA8,66713636%
Thief River Falls, MN8,66286-14%
Source: The Thief River Falls, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.