Ericsson 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.
IndexEricssonMinneapolisMinnesota
Cost of living index109106102
IndexEricssonMinneapolisMinnesota
Goods & Services index107107105
Groceries index107107106
Health care index105105113
Housing index121109100
Transportation index108108103
Utilities index919189

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Did you know?

  • The cost of living in Ericsson is 7% higher than the Minneapolis average.
  • The cost of living in Ericsson is 9% higher than the national average.
  • The cost of housing in Ericsson is 21% higher 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Household$79,317$6,610$1,851$2,380

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 $23.99$16.0949.1%
Beauty Salon $34.28$37.338.2%
Toothpaste $3.38$2.4538.2%
Shampoo $1.06$1.006.3%
Movie $10.13$10.281.4%
Bowling $4.01$4.9318.6%

Groceries

ItemMinneapolisNational avg.Difference
Ground Beef $4.38$3.8015.1%
Fried Chicken $2.05$1.4046.8%
Milk $2.30$2.0114.6%
Potatoes $3.30$3.019.6%
Pizza $11.04$9.8911.7%
Beer $8.98$8.900.9%

Health Care

ItemMinneapolisNational avg.Difference
Optometrist $82.63$102.1619.1%
Doctor $132.41$108.3622.2%
Dentist $84.22$92.539.0%
Ibuprofen $12.00$9.2829.3%
Lipitor $422.69$425.820.7%

Housing

ItemMinneapolisNational avg.Difference
Home Price $212,800.00$184,700.0015.2%
Avg. Mortgage Payment $1,258.46$1,202.444.7%
Apartment Rent $898.00$949.005.4%

Transportation

ItemMinneapolisNational avg.Difference
Gasoline $2.23$2.240.5%
Tire Balancing $58.07$46.2925.5%

Utilities

ItemMinneapolisNational avg.Difference
All Electricity$157.86$165.964.9%
Phone $24.99$28.6812.9%
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.
Landfall, MN79375-25%
South End, MN2678-22%
Hilltop, MN79981-19%
St. Anthony city (Stearns County), MN10686-14%
Brooklyn Center, MN30,78598-2%
Minneapolis, MN404,6701066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tulsa, OK399,90693-7%
Oakland, CA412,04015454%
Cleveland, OH389,16588-12%
Wichita, KS388,03391-9%
Arlington, TX383,89996-4%
Minneapolis, MN404,6701066%
Source: The Ericsson, Minneapolis, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.