Grand Meadow cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGrand MeadowMinnesotaNational
Cost of living index83102100
IndexGrand MeadowMinnesotaNational
Goods & Services index95105100
Groceries index91106100
Health care index90113100
Housing index58100100
Transportation index95103100
Utilities index9789100

Did you know?

  • The cost of living in Grand Meadow is 18% lower than the Minnesota average.
  • The cost of living in Grand Meadow is 17% lower than the national average.
  • The cost of housing in Grand Meadow is 42% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

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Compare Grand Meadow, MN Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,769$5,481$1,535$1,973
Renters$21,100$1,758$492$633

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax
Minnesota6.875%7.875%

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
Minnesota5.35%9.85%

Goods & Services

ItemGrand MeadowNational avg.Difference
Haircut $18.84$16.0917.1%
Beauty Salon $25.10$37.3332.8%
Toothpaste $1.90$2.4522.3%
Shampoo $0.89$1.0010.9%
Movie $8.98$10.2812.7%
Bowling $3.15$4.9336.2%

Groceries

ItemGrand MeadowNational avg.Difference
Ground Beef $3.20$3.8015.8%
Fried Chicken $1.22$1.4012.6%
Milk $1.58$2.0121.5%
Potatoes $2.34$3.0122.2%
Pizza $9.63$9.892.6%
Beer $8.75$8.901.6%

Health Care

ItemGrand MeadowNational avg.Difference
Optometrist $107.39$102.165.1%
Doctor $82.02$108.3624.3%
Dentist $88.51$92.534.3%
Ibuprofen $7.56$9.2818.5%
Lipitor $420.23$425.821.3%

Housing

ItemGrand MeadowNational avg.Difference
Home Price $98,300.00$184,700.0046.8%
Avg. Mortgage Payment $1,021.36$1,202.4415.1%
Apartment Rent $657.00$949.0030.8%

Transportation

ItemGrand MeadowNational avg.Difference
Gasoline $2.44$2.248.6%
Tire Balancing $31.27$46.2932.4%

Utilities

ItemGrand MeadowNational avg.Difference
All Electricity$175.89$165.966.0%
Phone $25.27$28.6811.9%
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, StatePopulationCost of Living IndexNational Avg.
Sargeant, MN4877-23%
Chester, IA26378-22%
Le Roy, MN82879-21%
Adams, MN73280-20%
Ostrander, MN23280-20%
Grand Meadow, MN1,16283-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Scanlon, MN1,16298-2%
Gaston, NC1,16282-18%
Melcher-Dallas, IA1,16277-23%
Stromsburg, NE1,16284-16%
Palmona Park, FL1,16290-10%
Grand Meadow, MN1,16283-17%
Source: The Grand Meadow, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.