Carver, MN Cost Of Living
Cost Of Living In Carver, MN Summary
Cost of living in Carver research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Carver is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Carver is 120, with 100 being the average.
The cost of living index in Carver is 1.2x higher than the national average.
Carver ranks as the #131 cheapest in Minnesota out of 147.
Carver ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Carver is $342,800.
The median income in Carver is $115,655.
Table Of Contents
Carver's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Carver, MN?
According to the most recent data on the cost of living, Carver has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Carver has a cost of living index that's 1.3x higher than Minnesota's index of 95.
The standard of living in Carver ranks as #131 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Carver ranks as the #16 most expensive place in the North Star State.
For more reading on life in Carver, check out:
- Living In Carver
- Search Homes For Sale In Carver, MN
In Minnesota
In America
Carver Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Carver. Here is how it fairs on each of the criteria:
The Services index in Carver is 112.
The Groceries index in Carver is 101.
The Health index in Carver is 103.
The Housing index in Carver is 163.
The Transportation index in Carver is 103.
The Utilities index in Carver is 99.
| Living Expense | Carver | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 120 | 95 | 100 | |
| Services | 112 | 101 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 163 | 83 | 100 | |
| Transportation | 103 | 98 | 100 | |
| Utilities | 99 | 95 | 100 | |
Carver, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Carver is $342,800.
The Median Rent in Carver is $1,150.
The Median Income in Carver is $115,655.
The Home Value To Income in Carver is 3.0x.
The Rent To Monthly Income in Carver is 0.12x.
| Statistic | Carver | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $342,800 | $250,200 | $244,900 |
| Median Rent | $1,150 | $1,081 | $1,163 |
| Median Income | $115,655 | $77,706 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Carver, MN Costs By Category
Detailed Carver Services Costs Vs. Minnesota
Detailed Carver Groceries Costs Vs. Minnesota
Detailed Carver Health Costs Vs. Minnesota
Detailed Carver Transportation Costs Vs. Minnesota
Detailed Carver Utilities Costs Vs. Minnesota
Carver SnackAbility
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Cost Of Living In Cities Around Carver
The cost of living varies in the cities and towns around Carver. Here's a quick look at the cost of living in the most populous nearby places:
Eden Prairie, MN has a cost of living index of 121, 1.0x Carver.
Minnetonka, MN has a cost of living index of 121, 1.0x Carver.
Edina, MN has a cost of living index of 135, 1.1x Carver.
| City | Population | Cost Of Living | Vs. Carver |
|---|---|---|---|
| Eden Prairie, MN | 64,048 | 121 | 1.0x |
| Minnetonka, MN | 53,809 | 121 | 1.0x |
| Edina, MN | 53,059 | 135 | 1.1x |
| Shakopee, MN | 43,396 | 108 | 0.9x |
| Savage, MN | 32,092 | 113 | 0.9x |
| Chaska, MN | 27,461 | 110 | 0.9x |
| Prior Lake, MN | 27,242 | 115 | 1.0x |
| Chanhassen, MN | 25,646 | 125 | 1.0x |
| Waconia, MN | 12,773 | 111 | 0.9x |
| Victoria, MN | 10,361 | 128 | 1.1x |
