Wadena 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.
IndexWadenaMinnesotaNational
Cost of living index89102100
IndexWadenaMinnesotaNational
Goods & Services index103106100
Groceries index110105100
Health care index113110100
Housing index59101100
Transportation index10398100
Utilities index8591100
Here we can see a simple outline of the cost of living in Wadena, MN. As you can see, with the average cost of living in Wadena, MN being 89, that puts it 13% lower than the average of Minnesota and 11% lower than 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 Wadena, MN, the price of goods and services are 3% lower than the average of Minnesota as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Wadena is 13% lower than the Minnesota average.
  • The cost of living in Wadena is 11% lower than the national average.
  • The cost of housing in Wadena 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 Wadena, MN Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Wadena, 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 Wadena, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wadena, 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$45,148$3,762$1,053$1,355
Renters$19,803$1,650$462$594
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wadena, 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 Wadena, MN, the median monthly income is $45,148 for those who own their own homes. Under the standard rule, that income level would allow for $1,053 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $19,803, per the median income in the area. That would allow for renters to spend up to $462 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%
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in Wadena, MN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Minnesota sales tax is 6.875% and the maximum surtax is 7.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemWadenaNational avg.Difference
Haircut $21.91$15.5640.8%
Beauty Salon $31.17$36.1113.7%
Toothpaste $3.64$2.4747.2%
Shampoo $1.19$0.9623.3%
Movie $10.04$10.130.9%
Bowling $4.29$4.749.4%

Groceries

ItemWadenaNational avg.Difference
Ground Beef $5.28$3.9832.5%
Fried Chicken $2.27$1.4161.2%
Milk $2.45$2.0618.8%
Potatoes $2.45$2.9817.7%
Pizza $8.10$9.4714.5%
Beer $9.08$8.793.3%

Health Care

ItemWadenaNational avg.Difference
Optometrist $121.76$101.0420.5%
Doctor $164.95$107.4453.5%
Dentist $87.93$90.422.7%
Ibuprofen $9.49$9.282.2%
Lipitor $392.82$426.507.9%

Housing

ItemWadenaNational avg.Difference
Home Price $102,500.00$175,700.0041.7%
Avg. Mortgage Payment $891.28$1,133.2321.4%
Apartment Rent $566.00$920.0038.5%

Transportation

ItemWadenaNational avg.Difference
Gasoline $1.94$1.992.8%
Tire Balancing $52.70$45.7615.2%

Utilities

ItemWadenaNational avg.Difference
All Electricity$169.36$163.813.4%
Phone $17.02$28.3940.0%
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.
Aldrich, MN7383-17%
Deer Creek, MN22483-17%
Bertha, MN54184-16%
Hewitt, MN21784-16%
Henning, MN86085-15%
Wadena, MN4,03389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cold Spring, MN4,03395-5%
Arlington, NY4,03312424%
Sinking Spring, PA4,0331022%
Redwood, TX4,03479-21%
Jourdanton, TX4,03476-24%
Wadena, MN4,03389-11%
Source: The Wadena, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.