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.
A general summary of the cost of living index in Sauk Rapids, MN is shown above. Compared to the state average of Minnesota the cost of living index in Sauk Rapids, MN is 96, which is 7% lower than the average in Minnesota and compared to the national average it is 4% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Sauk Rapids, MN goods and services come in at 2% lower than the average in Minnesota and are 3% higher than compared to the nationwide average.
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Did you know?
The cost of living in Sauk Rapids is 7% lower than the Minnesota average.
The cost of living in Sauk Rapids is 4% lower than the national average.
The cost of housing in Sauk Rapids is 23% 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.
Compare Sauk Rapids, MN Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Sauk Rapids, MN to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Sauk Rapids, MN, you have to earn a higher income in order to still have the same standard of living. To operate the Sauk Rapids, MN salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sauk Rapids, MN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Sauk Rapids, MN homeowners have a median income of $65,156. Using that number, you will come up with a maximum of $1,520 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,890, which means there is a maximum of $534 to be spent on the costs of renting a home or apartment.
Minnesota Sales Tax
General Sales Tax
With Max Surtax
Minnesota Income Tax
Income Tax (Low)
Income Tax (High)
For those who live in Sauk Rapids, MN and want to know what the true cost of living is, they ought to look at both the Minnesota income tax rate and the Minnesota sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Minnesota, the sales tax is 6.875%, while the most you'll pay in surtax is 7.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Minnesota, the income tax rate ranges between 5.35% to 9.85%.
Goods & Services
Avg. Mortgage Payment
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.