Ham Lake, MN Cost Of Living
Cost Of Living In Ham Lake, MN Summary
Cost of living in Ham Lake 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 Ham Lake 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 Ham Lake is 114, with 100 being the average.
The cost of living index in Ham Lake is 1.1x higher than the national average.
Ham Lake ranks as the #121 cheapest in Minnesota out of 147.
Ham Lake ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Ham Lake is $347,500.
The median income in Ham Lake is $107,000.
Table Of Contents
Ham Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ham Lake, MN?
According to the most recent data on the cost of living, Ham Lake has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Ham Lake has a cost of living index that's 1.2x higher than Minnesota's index of 95.
The standard of living in Ham Lake ranks as #121 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Ham Lake ranks as the #26 most expensive place in the North Star State.
For more reading on life in Ham Lake, check out:
- Living In Ham Lake
- Search Homes For Sale In Ham Lake, MN
In Minnesota
In America
Ham Lake Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Ham Lake. Here is how it fairs on each of the criteria:
The Services index in Ham Lake is 110.
The Groceries index in Ham Lake is 105.
The Health index in Ham Lake is 103.
The Housing index in Ham Lake is 130.
The Transportation index in Ham Lake is 101.
The Utilities index in Ham Lake is 97.
| Living Expense | Ham Lake | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 114 | 95 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 130 | 83 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 97 | 95 | 100 | |
Ham Lake, 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 Ham Lake is $347,500.
The Median Rent in Ham Lake is $1,250.
The Median Income in Ham Lake is $107,000.
The Home Value To Income in Ham Lake is 3.2x.
The Rent To Monthly Income in Ham Lake is 0.14x.
| Statistic | Ham Lake | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $347,500 | $250,200 | $244,900 |
| Median Rent | $1,250 | $1,081 | $1,163 |
| Median Income | $107,000 | $77,706 | $69,021 |
| Home Value To Income | 3.2x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Ham Lake, MN Costs By Category
Detailed Ham Lake Services Costs Vs. Minnesota
Detailed Ham Lake Groceries Costs Vs. Minnesota
Detailed Ham Lake Health Costs Vs. Minnesota
Detailed Ham Lake Transportation Costs Vs. Minnesota
Detailed Ham Lake Utilities Costs Vs. Minnesota
Ham Lake SnackAbility
/10
Cost Of Living In Cities Around Ham Lake
The cost of living varies in the cities and towns around Ham Lake. Here's a quick look at the cost of living in the most populous nearby places:
Maple Grove, MN has a cost of living index of 117, 1.0x Ham Lake.
Blaine, MN has a cost of living index of 104, 0.9x Ham Lake.
Coon Rapids, MN has a cost of living index of 102, 0.9x Ham Lake.
| City | Population | Cost Of Living | Vs. Ham Lake |
|---|---|---|---|
| Maple Grove, MN | 69,900 | 117 | 1.0x |
| Blaine, MN | 68,999 | 104 | 0.9x |
| Coon Rapids, MN | 63,269 | 102 | 0.9x |
| Andover, MN | 32,471 | 114 | 1.0x |
| Shoreview, MN | 26,871 | 110 | 1.0x |
| Champlin, MN | 23,877 | 110 | 1.0x |
| Golden Valley, MN | 22,247 | 116 | 1.0x |
| Lino Lakes, MN | 21,180 | 114 | 1.0x |
| Hugo, MN | 15,541 | 112 | 1.0x |
| Rogers, MN | 13,182 | 120 | 1.1x |
