Cost Of Living in Goodview, MN

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A+

5%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

16%

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	Goodview	Minnesota	National
Cost of living	95	100	100
Groceries	100	100	100
Health care	99	100	100
Housing	84	100	100
Transportation	95	100	100
Utilities	104	104	100
Lifestyle & Entertainment	101	100	100
Household Items	100	100	100
Education & Childcare	96	99	100

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Homes For Sale In Goodview, MN

5250 W 9th St

Winona, MN

4155 W 8th St

Winona, MN

27956 Sundown Ln

Minnesota City, MN

6915 Woodland Blvd

Minnesota City, MN

See the Newest Homes For Sale In Goodview, MN

Cost Of Living Quick Facts

The cost of living in Goodview is 6% lower than the Minnesota average
The cost of living in Goodview is 5% lower than the national average
Goodview housing is 16% lower 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

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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	$111,412	$9,284	$2,599	$3,343
Renters	$68,840	$5,737	$1,606	$2,065

A good way to judge both the affordability of the housing and the cost of living in Goodview 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. Goodview has a median income of about $111,412 for people who own homes. Based on that number, a maximum of $2,599 should be spent on expenses related to housing. Renters have a slightly different median income, which is $68,840. Based on this average, renters should spend no more than $1,606 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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Dodge, WI	145	86	14.1%
Cochrane, WI	463	88	12.1%
Arcadia, WI	3,125	92	8.4%
Utica, MN	262	93	6.9%
Altura, MN	461	93	6.6%
Goodview, MN	4,275	95	5.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Barrington Hills, IL	4,275	184	83.9%
Randleman, NC	4,275	90	10.2%
Gordon Heights, NY	4,275	131	30.6%
Scottdale, PA	4,276	88	12.1%
North Okanagan F, BC	4,273	n/a
Goodview, MN	4,275	95	5.3%