Cost of Living in Deephaven, MN

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F
56%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
186%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Deephaven Minnesota National
Cost of living156100100
Groceries100100100
Health care97100100
Housing286100100
Transportation102100100
Utilities106104100
Lifestyle & Entertainment96100100
Household Items100100100
Education & Childcare10599100
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Homes For Sale In Deephaven, MN

property for sale

20545 Linden Rd

Excelsior, MN
property for sale

17870 Tioga Trl

Wayzata, MN
property for sale

20680 Garden Rd

Excelsior, MN
property for sale

20100 Lakeview Ave

Excelsior, MN
See the Newest Homes For Sale In Deephaven, MN

Cost Of Living Quick Facts

  • The cost of living in Deephaven is 56% higher than the Minnesota average
  • The cost of living in Deephaven is 56% higher than the national average
  • Deephaven housing is 186% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Deephaven

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$219,915$18,326$5,131$6,598
      Renters$95,265$7,939$2,223$2,858
      A good indicator of the general affordability of housing in Deephaven, MN, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Deephaven, the median monthly income is $219,915 for those who own their own homes. Under the standard rule, that income level would allow for $5,131 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $95,265, per the median income in the area. That would allow for renters to spend up to $2,223 on monthly rental expenses.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hilltop, MN1,0458020.0%
      Brooklyn Center, MN31,6821021.8%
      Columbia Heights, MN21,0191021.9%
      Rockford, MN4,5951021.7%
      Robbinsdale, MN14,7671033.3%
      Deephaven, MN4,04615656.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      High Point, FL4,046919.0%
      Metter, GA4,0478613.8%
      Southside, AR4,0448316.8%
      Coquille, OR4,044981.8%
      Linden, MI4,048936.9%
      Deephaven, MN4,04615656.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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