| Index | Plymouth | Minnesota | National |
| Cost of living | 126 | 100 | 100 |
| Groceries | 97 | 100 | 100 |
| Health care | 102 | 100 | 100 |
| Housing | 187 | 100 | 100 |
| Transportation | 100 | 100 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 99 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 97 | 99 | 100 |
Understanding the cost of living in Plymouth can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Plymouth cost of living index is 126, which is 26% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If you prioritize affordability when seeking a new place to live, Plymouth may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Plymouth falls into this category, which may not align with your preferences for a budget-friendly living environment.
When it comes to the cost of living in Plymouth, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 86.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Plymouth affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Plymouth, for instance, where the median home price falls 101.7% higher than the national average, and monthly rent rates are 51.1% higher than usual. Additionally, median income levels contribute to the equation, with Plymouth flaunting a median household income of $168,476, 107.1% higher than the national norm.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Plymouth, the utilities index registers 3.7% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Plymouth, the standard sales tax rate starts at 6.875%, and the income tax rates commence at 5.35%.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Plymouth, is 86.5% higher than the national average.
The Plymouth cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $202,678 | $16,890 | $4,729 | $6,081 |
| Renters | $103,928 | $8,661 | $2,425 | $3,118 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Hilltop, MN | 1,045 | 80 | 20.0% |
| St. Anthony city (Stearns County), MN | 108 | 84 | 16.4% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Columbia Heights, MN | 21,019 | 102 | 1.9% |
| Rockford, MN | 4,595 | 102 | 1.7% |
| Plymouth, MN | 81,485 | 126 | 25.8% |
| City | Population | Cost of Living Index | National Avg. |
| New Rochelle, NY | 81,413 | 159 | 58.5% |
| Flower Mound, TX | 81,609 | 130 | 30.5% |
| Kawartha Lakes, ON | 81,906 | n/a | |
| Lakewood, CA | 81,936 | 168 | 68.0% |
| Pharr, TX | 80,998 | 85 | 15.4% |
| Plymouth, MN | 81,485 | 126 | 25.8% |
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