| Index | Brooklyn Park | Minnesota | National |
| Cost of living | 107 | 100 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 97 | 100 | 100 |
| Housing | 123 | 100 | 100 |
| Transportation | 103 | 100 | 100 |
| Utilities | 105 | 104 | 100 |
| Lifestyle & Entertainment | 103 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 95 | 99 | 100 |
The cost of living in Brooklyn Park affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Brooklyn Park is 107, which is 7% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Brooklyn Park closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Brooklyn Park can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Housing costs make up a big chunk of the cost of living in Brooklyn Park, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 23.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Brooklyn Park affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Brooklyn Park, the median home price is 25.7% higher than the national average and monthly rent prices are 18.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Brooklyn Park boasting a median household income of $109,999, 35.2% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Brooklyn Park, the healthcare costs are 3.3% lower 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 6.875%, and income tax rates start at 5.35%.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Brooklyn Park, the utilities index is 4.5% higher than the national average.
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 | $132,704 | $11,059 | $3,096 | $3,982 |
| Renters | $59,718 | $4,977 | $1,393 | $1,792 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Hilltop, MN | 1,045 | 80 | 20.0% |
| St. Anthony city (Stearns County), MN | 108 | 84 | 16.4% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Columbia Heights, MN | 21,019 | 102 | 1.9% |
| Lexington, MN | 2,365 | 101 | 1.4% |
| Brooklyn Park, MN | 83,324 | 107 | 7.3% |
| City | Population | Cost of Living Index | National Avg. |
| Silver Spring, MD | 83,266 | 154 | 53.9% |
| San Ramon, CA | 83,423 | 220 | 120.1% |
| Deerfield Beach, FL | 83,186 | 107 | 6.9% |
| Franklin, TN | 83,480 | 132 | 32.3% |
| Cranston, RI | 83,148 | 114 | 14.0% |
| Brooklyn Park, MN | 83,324 | 107 | 7.3% |
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