Nerstrand 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.
IndexNerstrandMinnesotaNational
Cost of living index94102100
IndexNerstrandMinnesotaNational
Goods & Services index107105100
Groceries index105106100
Health care index106113100
Housing index72100100
Transportation index105103100
Utilities index9089100
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Did you know?

  • The cost of living in Nerstrand is 8% lower than the Minnesota average.
  • The cost of living in Nerstrand is 6% lower than the national average.
  • The cost of housing in Nerstrand is 28% 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 Nerstrand, 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$70,208$5,851$1,638$2,106
Renters$0$0$0$0

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

ItemNerstrandNational avg.Difference
Haircut $22.35$16.0939.0%
Beauty Salon $35.96$37.333.7%
Toothpaste $3.33$2.4535.9%
Shampoo $1.07$1.006.9%
Movie $10.02$10.282.5%
Bowling $3.95$4.9319.8%

Groceries

ItemNerstrandNational avg.Difference
Ground Beef $4.16$3.809.5%
Fried Chicken $1.97$1.4041.3%
Milk $2.22$2.0110.4%
Potatoes $3.33$3.0110.5%
Pizza $11.55$9.8916.8%
Beer $8.97$8.900.8%

Health Care

ItemNerstrandNational avg.Difference
Optometrist $85.02$102.1616.8%
Doctor $135.93$108.3625.4%
Dentist $84.21$92.539.0%
Ibuprofen $11.98$9.2829.1%
Lipitor $423.18$425.820.6%

Housing

ItemNerstrandNational avg.Difference
Home Price $133,500.00$184,700.0027.7%
Avg. Mortgage Payment $1,261.54$1,202.444.9%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemNerstrandNational avg.Difference
Gasoline $2.23$2.240.5%
Tire Balancing $53.80$46.2916.2%

Utilities

ItemNerstrandNational avg.Difference
All Electricity$153.14$165.967.7%
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.
West Concord, MN79986-14%
Kenyon, MN1,85294-6%
Wanamingo, MN1,19994-6%
Faribault, MN23,53094-6%
Medford, MN1,38894-6%
Nerstrand, MN29694-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Simms, OK29681-19%
Bluff, UT29679-21%
Benton Ridge, OH29689-11%
Lyden, NM29695-5%
Dendron, VA29691-9%
Nerstrand, MN29694-6%
Source: The Nerstrand, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.