Wolf Lake, Minnesota Cost Of Living

A+

10%

Overall NAT. AVG.

16%

Goods & Services NAT. AVG.

56%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Wolf Lake	Minnesota	National
Cost of living	90	103	100
Goods & Services	116	108	100
Groceries	108	104	100
Health care	120	107	100
Housing	44	100	100
Transportation	100	99	100
Utilities	100	97	100

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Cost Of Living Quick Facts

The cost of living in Wolf Lake is 12% lower than the Minnesota average
The cost of living in Wolf Lake is 10% lower than the national average
Wolf Lake housing is 56% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 137% higher than the national average

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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	$33,750	$2,813	$787	$1,013
Renters	$0	$0	$0	$0

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	Wolf Lake	National avg.	Difference
Haircut	$23.17	$20.27	14.3%
Beauty Salon	$36.64	$40.39	9.3%
Toothpaste	$2.83	$2.36	20.1%
Shampoo	$1.49	$1.08	38.7%
Movie	$12.09	$10.99	10.0%
Bowling	$20.17	$15.49	30.2%

Groceries

Item	Wolf Lake	National avg.	Difference
Ground Beef	$4.55	$4.30	5.8%
Fried Chicken	$1.88	$1.40	34.6%
Milk	$2.37	$2.20	7.6%
Potatoes	$3.10	$3.22	3.8%
Pizza	$11.57	$10.74	7.8%
Beer	$9.18	$9.60	4.4%

Health Care

Item	Wolf Lake	National avg.	Difference
Optometrist	$115.79	$109.73	5.5%
Doctor	$196.36	$118.34	65.9%
Dentist	$103.34	$100.94	2.4%
Ibuprofen	$10.85	$9.93	9.3%
Lipitor	$531.06	$469.53	13.1%

Housing

Item	Wolf Lake	National avg.	Difference
Home Price	$81,700.00	$184,700.00	55.8%
Avg. Mortgage Payment	$1,081.52	$1,229.62	12.0%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Wolf Lake	National avg.	Difference
Gasoline	$2.59	$2.71	4.6%
Tire Balancing	$56.28	$51.86	8.5%

Utilities

Item	Wolf Lake	National avg.	Difference
All Electricity	$171.41	$170.84	0.3%
Phone	$184.86	$187.18	1.2%

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.
Midway, MN	15	110	10.1%
Sebeka, MN	664	90	10.1%
Menahga, MN	1,287	92	7.5%
Pine Point, MN	392	82	17.5%
Park Rapids, MN	3,898	95	4.9%
Wolf Lake, MN	31	90	9.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sawpit, CO	31	150	49.9%
Spencer, ID	31	100	0.1%
Rockwood, IL	31	72	28.4%
New Middletown, IN	31	85	15.2%
Latimer, KS	31	92	7.9%
Wolf Lake, MN	31	90	9.7%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.