Twin Valley 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.
IndexTwin ValleyMinnesotaNational
Cost of living index83102100
IndexTwin ValleyMinnesotaNational
Goods & Services index100105100
Groceries index108106100
Health care index115113100
Housing index43100100
Transportation index99103100
Utilities index8789100

Did you know?

  • The cost of living in Twin Valley is 19% lower than the Minnesota average.
  • The cost of living in Twin Valley is 17% lower than the national average.
  • The cost of housing in Twin Valley is 57% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,021$4,002$1,120$1,441
Renters$19,063$1,589$445$572

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%

Goods & Services

ItemTwin ValleyNational avg.Difference
Haircut $18.03$16.0912.1%
Beauty Salon $34.13$37.338.6%
Toothpaste $2.36$2.453.6%
Shampoo $1.26$1.0025.6%
Movie $11.00$10.287.0%
Bowling $4.03$4.9318.3%

Groceries

ItemTwin ValleyNational avg.Difference
Ground Beef $3.40$3.8010.5%
Fried Chicken $1.84$1.4032.0%
Milk $2.96$2.0147.6%
Potatoes $2.73$3.019.2%
Pizza $8.77$9.8911.3%
Beer $9.04$8.901.6%

Health Care

ItemTwin ValleyNational avg.Difference
Optometrist $93.17$102.168.8%
Doctor $157.22$108.3645.1%
Dentist $95.33$92.533.0%
Ibuprofen $10.28$9.2810.8%
Lipitor $428.78$425.820.7%

Housing

ItemTwin ValleyNational avg.Difference
Home Price $55,300.00$184,700.0070.1%
Avg. Mortgage Payment $1,232.19$1,202.442.5%
Apartment Rent $705.00$949.0025.7%

Transportation

ItemTwin ValleyNational avg.Difference
Gasoline $2.11$2.245.9%
Tire Balancing $50.47$46.299.0%

Utilities

ItemTwin ValleyNational avg.Difference
All Electricity$142.52$165.9614.1%
Phone $25.30$28.6811.8%
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.
Borup, MN9680-20%
Bejou, MN6580-20%
Felton, MN16182-18%
Mahnomen, MN1,26183-17%
Ada, MN1,72983-17%
Twin Valley, MN72383-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Como, TX72382-18%
New Baltimore, OH7231022%
Blue Ridge Shores, VA7231077%
Gilbertville, IA72389-11%
Cascade, ID72385-15%
Twin Valley, MN72383-17%
Source: The Twin Valley, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.