Cost Of Living in Minnesota Lake, MN

Get 300+ Local Insights for Any Address in Minnesota Lake, MN

Get Access to 300+ Local Data Points

A+

14%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

39%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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.
Index	Minnesota Lake	Minnesota	National
Cost of living	86	99	100
Goods & Services	98	100	100
Groceries	99	98	100
Health care	111	109	100
Housing	61	100	100
Transportation	95	97	100
Utilities	92	93	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Cost Of Living Quick Facts

The cost of living in Minnesota Lake is 13% lower than the Minnesota average
The cost of living in Minnesota Lake is 14% lower than the national average
Minnesota Lake housing is 39% 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

Most Affordable Places to Live in and Around Minnesota Lake

See all the best places to live around Minnesota Lake

Compare Minnesota Lake, MN Cost of Living

Compare Neighborhoods & Addresses

Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

UNLOCK FULL COMPARISON →

Write a review to give others more information about this area.

See all Minnesota Lake poll results

The best places in Minnesota

Here are the best places to live in Minnesota

Most Dangerous Cities In The US

Safest Cities In The US

These are the 10 cheapest cities in Minnesota

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,179	$5,432	$1,521	$1,956
Renters	$41,875	$3,490	$977	$1,256

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%

Goods & Services

Item	Minnesota Lake	National avg.	Difference
Haircut	$25.06	$24.26	3.3%
Beauty Salon	$40.42	$45.56	11.3%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.45	$1.28	13.5%
Movie	$10.06	$12.13	17.1%
Bowling	$15.00	$18.00	16.7%

Groceries

Item	Minnesota Lake	National avg.	Difference
Ground Beef	$5.78	$5.84	1.1%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.58	$4.67	1.9%
Potatoes	$4.68	$4.93	5.2%
Pizza	$12.97	$12.09	7.3%
Beer	$9.18	$10.41	11.8%

Health Care

Item	Minnesota Lake	National avg.	Difference
Optometrist	$144.10	$125.68	14.7%
Doctor	$181.22	$135.78	33.5%
Dentist	$110.22	$113.29	2.7%
Ibuprofen	$11.40	$10.65	7.0%
Lipitor	$486.32	$468.60	3.8%

Housing

Item	Minnesota Lake	National avg.	Difference
Home Price	$109,700.00	$184,700.00	40.6%
Avg. Mortgage Payment	$1,813.63	$2,346.69	22.7%
Apartment Rent	$605.00	$949.00	36.2%

Transportation

Item	Minnesota Lake	National avg.	Difference
Gasoline	$3.31	$3.46	4.2%
Tire Balancing	$54.83	$59.92	8.5%

Utilities

Item	Minnesota Lake	National avg.	Difference
All Electricity	$169.27	$193.99	12.7%
Phone	$191.10	$192.25	0.6%

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	Population	Cost of Living Index	National Avg.
Delavan, MN	206	80	20.4%
Easton, MN	193	81	18.6%
Wells, MN	2,367	83	17.4%
Freeborn, MN	319	84	16.4%
Blue Earth, MN	3,128	84	15.7%
Minnesota Lake, MN	575	86	13.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tolani Lake, AZ	575	83	16.6%
Newton, GA	575	80	19.7%
Irondale, MO	575	82	18.2%
Kelso, MO	575	94	6.4%
Wibaux, MT	575	89	11.4%
Minnesota Lake, MN	575	86	13.5%