Winsted 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.
IndexWinstedMinnesotaNational
Cost of living index95102100
IndexWinstedMinnesotaNational
Goods & Services index108106100
Groceries index106105100
Health care index106110100
Housing index73101100
Transportation index10198100
Utilities index9691100

Did you know?

  • The cost of living in Winsted is 7% lower than the Minnesota average.
  • The cost of living in Winsted is 5% lower than the national average.
  • The cost of housing in Winsted is 27% 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 Winsted, MN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,406$5,534$1,549$1,992
Renters$34,688$2,891$809$1,041

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

ItemWinstedNational 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

ItemWinstedNational 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

ItemWinstedNational 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

ItemWinstedNational avg.Difference
Home Price $136,600.00$175,700.0022.3%
Avg. Mortgage Payment $1,198.63$1,133.235.8%
Apartment Rent $581.00$920.0036.8%

Transportation

ItemWinstedNational avg.Difference
Gasoline $1.84$1.997.7%
Tire Balancing $55.26$45.7620.8%

Utilities

ItemWinstedNational 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.
Biscay, MN9687-13%
Silver Lake, MN89091-9%
Plato, MN32994-6%
Lester Prairie, MN1,66695-5%
Cokato, MN2,72093-7%
Winsted, MN2,32595-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monticello, UT2,32593-7%
Great Barrington, MA2,32411919%
Yardley, PA2,32412828%
Blackville, SC2,32478-22%
Gibbsboro, NJ2,32411919%
Winsted, MN2,32595-5%
Source: The Winsted, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.