| Index | Brooklyn Park | Maryland | National |
| Cost of living | 113 | 121 | 100 |
| Groceries | 107 | 105 | 100 |
| Health care | 111 | 109 | 100 |
| Housing | 123 | 151 | 100 |
| Transportation | 110 | 109 | 100 |
| Utilities | 111 | 108 | 100 |
| Lifestyle & Entertainment | 111 | 109 | 100 |
| Household Items | 105 | 105 | 100 |
| Education & Childcare | 111 | 112 | 100 |
Understanding the cost of living in Brooklyn Park can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Brooklyn Park cost of living index is 113, which is 13% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs are a very significant part of the Brooklyn Park cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 22.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Brooklyn Park an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Brooklyn Park is 18.1% higher than the national average, while the average monthly rent prices are 33.8% higher than average. The affordability of any location can also be influenced by median income levels. Brooklyn Park has a median household income of $96,849, which is 19.1% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Brooklyn Park, the utilities index registers at 11.3% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Brooklyn Park, the transportation index stands at 9.7% higher than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Brooklyn Park, the baseline sales tax rate begins at 6%, and income tax rates start at 2%.
The Brooklyn Park cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $103,867 | $8,656 | $2,423 | $3,116 |
| Renters | $59,524 | $4,960 | $1,389 | $1,786 |
| State | General Sales Tax | With Max Surtax |
| Maryland | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Maryland | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Dundalk, MD | 65,241 | 106 | 5.9% |
| Lansdowne, MD | 8,964 | 104 | 4.0% |
| Baltimore, MD | 621,744 | 108 | 7.9% |
| Essex, MD | 40,724 | 108 | 7.7% |
| Woodlawn CDP (Prince George's County), MD | 8,071 | 110 | 9.6% |
| Brooklyn Park, MD | 15,648 | 113 | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Henderson, NC | 15,653 | 86 | 14.0% |
| Bay Village, OH | 15,639 | 108 | 8.1% |
| Ladson, SC | 15,636 | 100 | 0.4% |
| Salida, CA | 15,629 | 137 | 37.5% |
| Rutland, VT | 15,668 | 98 | 1.6% |
| Brooklyn Park, MD | 15,648 | 113 | 13.3% |
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