| Index | Fridley | Minnesota | National |
| Cost of living | 104 | 100 | 100 |
| Groceries | 102 | 100 | 100 |
| Health care | 100 | 100 | 100 |
| Housing | 113 | 100 | 100 |
| Transportation | 99 | 100 | 100 |
| Utilities | 105 | 104 | 100 |
| Lifestyle & Entertainment | 101 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 95 | 99 | 100 |
Understanding the cost of living in Fridley 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 Fridley cost of living index is 104, which is 4% 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.
The cost of living in Fridley aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Fridley residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Fridley 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 Fridley, the median home price is 16.3% higher than the national average and monthly rent prices are 6.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fridley boasting a median household income of $97,031, 19.3% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Fridley, the groceries index registers 1.9% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Fridley, the transportation index is 1.4% lower than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Fridley, healthcare costs are 0.2% higher than the national average.
The Fridley 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 | $112,842 | $9,404 | $2,633 | $3,386 |
| Renters | $74,392 | $6,199 | $1,736 | $2,232 |
| 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. |
| Landfall, MN | 819 | 72 | 27.9% |
| South End, MN | 66 | 78 | 22.1% |
| 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% |
| Fridley, MN | 28,718 | 104 | 4.1% |
| City | Population | Cost of Living Index | National Avg. |
| Zionsville, IN | 28,737 | 124 | 24.5% |
| Slidell, LA | 28,740 | 100 | 0.4% |
| Williston, ND | 28,744 | 108 | 7.6% |
| Washington, UT | 28,756 | 122 | 21.5% |
| Lansing, IL | 28,675 | 95 | 5.5% |
| Fridley, MN | 28,718 | 104 | 4.1% |
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