Becker, MN Cost Of Living

Becker 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.
Index	Becker	Minnesota	National
Cost of living index	101	102	100
Index	Becker	Minnesota	National
Goods & Services index	103	105	100
Groceries index	115	106	100
Health care index	124	113	100
Housing index	94	100	100
Transportation index	101	103	100
Utilities index	85	89	100

Here we can see a simple outline of the cost of living in Becker, MN. As you can see, with the average cost of living in Becker, MN being 101, that puts it 2% lower than the average of Minnesota and 1% higher 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 Becker, MN, the price of goods and services are 2% lower than the average of Minnesota as well as 3% higher than the nation's average.

Did you know?

The cost of living in Becker is 2% lower than the Minnesota average.
The cost of living in Becker is 1% higher than the national average.
The cost of housing in Becker is 6% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Becker, MN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Becker, MN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Becker, MN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$88,498	$7,375	$2,065	$2,655
Renters	$63,989	$5,332	$1,493	$1,920

The affordability of the housing market in Becker, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Becker, MN homeowners, the median income is $88,498. This indicates that a monthly maximum of $2,065 should be spent by homeowners on all housing related costs. Renters have a median income of $63,989. This indicates that renters should have a maximum of $1,493 used for their rent related monthly costs.

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%

When you are determining the total cost of living in Becker, 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

Item	Becker	National avg.	Difference
Haircut	$17.00	$16.09	5.7%
Beauty Salon	$32.17	$37.33	13.8%
Toothpaste	$2.93	$2.45	19.9%
Shampoo	$1.53	$1.00	53.3%
Movie	$9.25	$10.28	10.0%
Bowling	$4.07	$4.93	17.4%

Groceries

Item	Becker	National avg.	Difference
Ground Beef	$3.79	$3.80	0.3%
Fried Chicken	$2.22	$1.40	58.9%
Milk	$2.29	$2.01	14.1%
Potatoes	$3.02	$3.01	0.2%
Pizza	$9.99	$9.89	1.1%
Beer	$9.79	$8.90	10.0%

Health Care

Item	Becker	National avg.	Difference
Optometrist	$132.83	$102.16	30.0%
Doctor	$184.50	$108.36	70.3%
Dentist	$89.10	$92.53	3.7%
Ibuprofen	$9.63	$9.28	3.8%
Lipitor	$480.16	$425.82	12.8%

Housing

Item	Becker	National avg.	Difference
Home Price	$165,300.00	$184,700.00	10.5%
Avg. Mortgage Payment	$823.98	$1,202.44	31.5%
Apartment Rent	$998.00	$949.00	5.2%

Transportation

Item	Becker	National avg.	Difference
Gasoline	$2.30	$2.24	2.5%
Tire Balancing	$45.09	$46.29	2.6%

Utilities

Item	Becker	National avg.	Difference
All Electricity	$162.68	$165.96	2.0%
Phone	$19.99	$28.68	30.3%

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, State	Population	Cost of Living Index	National Avg.
Annandale, MN	3,298	94	-6%
Princeton, MN	4,785	94	-6%
Maple Lake, MN	2,119	95	-5%
Sauk Rapids, MN	13,334	96	-4%
St. Cloud, MN	66,770	96	-4%
Becker, MN	4,677	101	1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Jim Thorpe, PA	4,676	94	-6%
Sullivan, IL	4,675	81	-19%
Clearwater, SC	4,679	85	-15%
Donora, PA	4,679	83	-17%
Polson, MT	4,674	95	-5%
Becker, MN	4,677	101	1%

Source: The Becker, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Becker, MN Cost of Living