| Index | Champlin | Minnesota | National |
| Cost of living | 112 | 100 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 140 | 100 | 100 |
| Transportation | 100 | 100 | 100 |
| Utilities | 102 | 104 | 100 |
| Lifestyle & Entertainment | 95 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 95 | 99 | 100 |
The cost of living in Champlin 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 Champlin is 112, which is 12% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs are a major factor in the Champlin cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 40.5% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Champlin affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Champlin, for instance, where the median home price falls 42% higher than the national average, and monthly rent rates are 37% higher than usual. Additionally, median income levels contribute to the equation, with Champlin flaunting a median household income of $143,561, 76.5% higher than the national norm.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Champlin, the housing index is 40.5% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Champlin, healthcare costs are 0.9% 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 Champlin, the utilities index registers at 1.7% higher than the national average.
The cost of living data for Champlin shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $154,122 | $12,844 | $3,596 | $4,624 |
| Renters | $65,115 | $5,426 | $1,519 | $1,954 |
| 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% |
| Champlin, MN | 25,860 | 112 | 11.6% |
| City | Population | Cost of Living Index | National Avg. |
| Bainbridge Island, WA | 25,850 | 185 | 85.0% |
| Edwardsville, IL | 25,839 | 106 | 6.1% |
| Belvidere, IL | 25,831 | 89 | 10.7% |
| East Gwillimbury, ON | 25,899 | n/a | |
| University Park, TX | 25,903 | 245 | 144.5% |
| Champlin, MN | 25,860 | 112 | 11.6% |
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