Coon Rapids, Minnesota Cost Of Living

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D

Overall 3%

Goods & Services 10%

Housing 1%

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Coon Rapids	Minnesota	National
Cost of living	103	103	100
Goods & Services	110	108	100
Groceries	102	104	100
Health care	98	107	100
Housing	99	100	100
Transportation	106	99	100
Utilities	97	97	100

Key findings

The cost of living in Coon Rapids is equal to the Minnesota average
The cost of living in Coon Rapids is 3% higher than the national average
Coon Rapids housing is 1% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 117% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$76,896	$6,408	$1,794	$2,307
Renters	$39,546	$3,296	$923	$1,186

A good way to judge both the affordability of the housing and the cost of living in Coon Rapids is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Coon Rapids has a median income of about $76,896 for people who own homes. Based on that number, a maximum of $1,794 should be spent on expenses related to housing. Renters have a slightly different median income, which is $39,546. Based on this average, renters should spend no more than $923 on all rental costs if they want to maintain a non-impoverished standard of living.

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%

Goods & Services

Item	Coon Rapids	National avg.	Difference
Haircut	$24.99	$20.27	23.3%
Beauty Salon	$35.26	$40.39	12.7%
Toothpaste	$3.35	$2.36	41.9%
Shampoo	$1.11	$1.08	3.4%
Movie	$9.80	$10.99	10.8%
Bowling	$28.70	$15.49	85.3%

Groceries

Item	Coon Rapids	National avg.	Difference
Ground Beef	$4.25	$4.30	1.2%
Fried Chicken	$2.02	$1.40	44.1%
Milk	$2.52	$2.20	14.4%
Potatoes	$3.23	$3.22	0.4%
Pizza	$13.00	$10.74	21.1%
Beer	$9.02	$9.60	6.0%

Health Care

Item	Coon Rapids	National avg.	Difference
Optometrist	$90.04	$109.73	17.9%
Doctor	$145.70	$118.34	23.1%
Dentist	$87.08	$100.94	13.7%
Ibuprofen	$10.75	$9.93	8.2%
Lipitor	$439.28	$469.53	6.4%

Housing

Item	Coon Rapids	National avg.	Difference
Home Price	$171,200.00	$184,700.00	7.3%
Avg. Mortgage Payment	$1,209.19	$1,229.62	1.7%
Apartment Rent	$1,066.00	$949.00	12.3%

Transportation

Item	Coon Rapids	National avg.	Difference
Gasoline	$2.67	$2.71	1.5%
Tire Balancing	$61.39	$51.86	18.4%

Utilities

Item	Coon Rapids	National avg.	Difference
All Electricity	$162.80	$170.84	4.7%
Phone	$184.36	$187.18	1.5%

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	Population	Cost of Living Index	National Avg.
Hilltop, MN	799	82	18.4%
St. Anthony city (Stearns County), MN	106	87	13.2%
Brooklyn Center, MN	30,785	99	1.5%
Lexington, MN	1,965	100	0.2%
Columbia Heights, MN	19,689	100	0.3%
Coon Rapids, MN	62,159	103	3.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
North Miami, FL	62,158	102	1.7%
Encinitas, CA	62,160	191	90.9%
Poinciana, FL	62,145	97	3.4%
Sammamish, WA	62,136	179	79.2%
Hamilton, OH	62,259	87	13.3%
Coon Rapids, MN	62,159	103	3.4%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.