B
Overall 12%
Goods & Services 13%
Housing 58%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
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.
IndexCedar-RiversideMinneapolisMinnesota
Cost of living88108104
Goods & Services113113109
Groceries103103106
Health care103103110
Housing42109100
Transportation104104100
Utilities979798

Key findings

  • The cost of living in Cedar-Riverside is 16% lower than the Minneapolis average
  • The cost of living in Cedar-Riverside is 12% lower than the national average
  • Cedar-Riverside housing is 58% 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 Minneapolis, MN Cost of Living

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$22,286$1,857$520$669

      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

      ItemMinneapolisNational avg.Difference
      Haircut $24.49$17.4940.0%
      Beauty Salon $34.71$38.179.1%
      Toothpaste $3.37$2.3245.2%
      Shampoo $1.08$1.016.7%
      Movie $10.43$10.722.7%
      Bowling $21.05$13.8651.9%

      Groceries

      ItemMinneapolisNational avg.Difference
      Ground Beef $4.52$3.9015.9%
      Fried Chicken $2.10$1.4050.5%
      Milk $2.62$1.9633.5%
      Potatoes $3.36$3.185.6%
      Pizza $12.73$10.3922.5%
      Beer $8.91$9.233.5%

      Health Care

      ItemMinneapolisNational avg.Difference
      Optometrist $89.90$106.3415.5%
      Doctor $150.44$115.2530.5%
      Dentist $85.78$98.3812.8%
      Ibuprofen $11.78$9.2627.2%
      Lipitor $445.61$466.474.5%

      Housing

      ItemMinneapolisNational avg.Difference
      Home Price $212,800.00$184,700.0015.2%
      Avg. Mortgage Payment $1,327.62$1,273.324.3%
      Apartment Rent $898.00$949.005.4%

      Transportation

      ItemMinneapolisNational avg.Difference
      Gasoline $2.47$2.594.5%
      Tire Balancing $59.72$48.9022.1%

      Utilities

      ItemMinneapolisNational avg.Difference
      All Electricity$162.02$167.603.3%
      Phone $178.08$163.429.0%
      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.
      Landfall, MN79377-23%
      South End, MN2680-20%
      Hilltop, MN79983-17%
      St. Anthony city (Stearns County), MN10688-12%
      Brooklyn Center, MN30,7851000%
      Minneapolis, MN404,6701088%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Tulsa, OK399,90687-13%
      Oakland, CA412,04015858%
      Cleveland, OH389,16585-15%
      Wichita, KS388,03390-10%
      Arlington, TX383,89993-7%
      Minneapolis, MN404,6701088%
      Source: The Cedar-Riverside, Minneapolis, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.