Cost Of Living in Balaton, MN

Get 300+ Local Insights for Any Address in Balaton, MN

Get Access to 300+ Local Data Points

A+

17%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

50%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Balaton	Minnesota	National
Cost of living	83	100	100
Groceries	98	100	100
Health care	95	100	100
Housing	50	100	100
Transportation	93	100	100
Utilities	104	104	100
Lifestyle & Entertainment	93	100	100
Household Items	95	100	100
Education & Childcare	98	99	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Balaton, MN

220 Maple St N

Balaton, MN

3010 Eastbay Ave

Balaton, MN

2051 120th St

Balaton, MN

4001 Lake Yankton Ave

Balaton, MN

See the Newest Homes For Sale In Balaton, MN

Cost Of Living Quick Facts

The cost of living in Balaton is 18% lower than the Minnesota average
The cost of living in Balaton is 17% lower than the national average
Balaton housing is 50% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Balaton

See all the best places to live around Balaton

Compare Balaton, MN Cost of Living

Write a review to give others more information about this area.

See all Balaton poll results

The best places in Minnesota

Here are the best places to live in Minnesota

These are the largest cities in Minnesota

Most Dangerous States In The US

Safest States In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$86,600	$7,217	$2,021	$2,598
Renters	$54,678	$4,557	$1,276	$1,641

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Garvin, MN	112	81	19.5%
Currie, MN	192	81	19.4%
Ruthton, MN	243	81	18.8%
Tracy, MN	2,244	82	17.8%
Tyler, MN	1,329	83	17.2%
Balaton, MN	622	83	17.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Delleker, CA	622	112	11.9%
Ferrelview, MO	622	82	18.1%
Grand River, OH	622	90	9.5%
Maple Ridge, OH	622	83	16.6%
Roslyn, WA	622	123	22.6%
Balaton, MN	622	83	17.3%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Balaton, MN

Homes For Sale In Balaton, MN

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Balaton

Compare Balaton, MN Cost of Living

The best places in Minnesota

Salary Calculator

Median Income & Debt-To-Income Ratio

Minnesota Sales Tax

Minnesota Income Tax

Nearby cities with low cost of living

Cities with similar population