C
Overall 4%
Goods & Services 12%
Housing 34%
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.
IndexPennockMinnesotaNational
Cost of living96104100
Goods & Services112109100
Groceries116106100
Health care115110100
Housing66100100
Transportation95100100
Utilities10098100

Key findings

  • The cost of living in Pennock is 8% lower than the Minnesota average
  • The cost of living in Pennock is 4% lower than the national average
  • Pennock housing is 34% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 117% higher than the national average

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Compare Pennock, MN Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$63,750$5,313$1,487$1,913
      Renters$35,938$2,995$838$1,078

      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

      ItemPennockNational avg.Difference
      Haircut $21.00$17.4920.1%
      Beauty Salon $38.50$38.170.9%
      Toothpaste $2.86$2.3223.2%
      Shampoo $1.29$1.0127.5%
      Movie $10.82$10.720.9%
      Bowling $12.50$13.869.8%

      Groceries

      ItemPennockNational avg.Difference
      Ground Beef $4.39$3.9012.6%
      Fried Chicken $1.94$1.4039.0%
      Milk $2.99$1.9652.4%
      Potatoes $2.91$3.188.6%
      Pizza $11.49$10.3910.5%
      Beer $10.49$9.2313.7%

      Health Care

      ItemPennockNational avg.Difference
      Optometrist $130.67$106.3422.9%
      Doctor $184.50$115.2560.1%
      Dentist $95.00$98.383.4%
      Ibuprofen $10.47$9.2613.1%
      Lipitor $431.22$466.477.6%

      Housing

      ItemPennockNational avg.Difference
      Home Price $113,200.00$184,700.0038.7%
      Avg. Mortgage Payment $979.73$1,273.3223.1%
      Apartment Rent $731.00$949.0023.0%

      Transportation

      ItemPennockNational avg.Difference
      Gasoline $2.52$2.592.9%
      Tire Balancing $45.65$48.906.6%

      Utilities

      ItemPennockNational avg.Difference
      All Electricity$170.63$167.601.8%
      Phone $178.83$163.429.4%
      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.
      Sunburg, MN7686-14%
      De Graff, MN16887-13%
      Blomkest, MN10490-10%
      Murdock, MN30890-10%
      Lake Lillian, MN25090-10%
      Pennock, MN53796-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Norfork, AR53780-20%
      Gibson, NC53785-15%
      Kachemak, AK53712525%
      Kinsman Center, OH53785-15%
      Mineral, VA5371011%
      Pennock, MN53796-4%
      Source: The Pennock, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.