Jordan, MN Cost Of Living
Cost Of Living In Jordan, MN Summary
Cost of living in Jordan 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 Jordan 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 Jordan is 108, with 100 being the average.
The cost of living index in Jordan is 1.1x higher than the national average.
Jordan ranks as the #95 cheapest in Minnesota out of 147.
Jordan ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Jordan is $281,800.
The median income in Jordan is $101,285.
Table Of Contents
Jordan's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Jordan, MN?
According to the most recent data on the cost of living, Jordan has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Jordan has a cost of living index that's 1.1x higher than Minnesota's index of 95.
The standard of living in Jordan ranks as #95 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Jordan ranks as the #52 most expensive place in the North Star State.
For more reading on life in Jordan, check out:
- Living In Jordan
- Jordan Crime Report
- Search Homes For Sale In Jordan, MN
In Minnesota
In America
Jordan Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Jordan. Here is how it fairs on each of the criteria:
The Services index in Jordan is 112.
The Groceries index in Jordan is 103.
The Health index in Jordan is 103.
The Housing index in Jordan is 110.
The Transportation index in Jordan is 99.
The Utilities index in Jordan is 98.
| Living Expense | Jordan | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 108 | 95 | 100 | |
| Services | 112 | 101 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 110 | 83 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Jordan, 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 Jordan is $281,800.
The Median Rent in Jordan is $1,127.
The Median Income in Jordan is $101,285.
The Home Value To Income in Jordan is 2.8x.
The Rent To Monthly Income in Jordan is 0.13x.
| Statistic | Jordan | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $281,800 | $250,200 | $244,900 |
| Median Rent | $1,127 | $1,081 | $1,163 |
| Median Income | $101,285 | $77,706 | $69,021 |
| Home Value To Income | 2.8x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Jordan, MN Costs By Category
Detailed Jordan Services Costs Vs. Minnesota
Detailed Jordan Groceries Costs Vs. Minnesota
Detailed Jordan Health Costs Vs. Minnesota
Detailed Jordan Transportation Costs Vs. Minnesota
Detailed Jordan Utilities Costs Vs. Minnesota
Jordan SnackAbility
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Cost Of Living In Cities Around Jordan
The cost of living varies in the cities and towns around Jordan. Here's a quick look at the cost of living in the most populous nearby places:
Lakeville, MN has a cost of living index of 116, 1.1x Jordan.
Eden Prairie, MN has a cost of living index of 121, 1.1x Jordan.
Shakopee, MN has a cost of living index of 108, 1.0x Jordan.
| City | Population | Cost Of Living | Vs. Jordan |
|---|---|---|---|
| Lakeville, MN | 69,026 | 116 | 1.1x |
| Eden Prairie, MN | 64,048 | 121 | 1.1x |
| Shakopee, MN | 43,396 | 108 | 1.0x |
| Savage, MN | 32,092 | 113 | 1.0x |
| Chaska, MN | 27,461 | 110 | 1.0x |
| Prior Lake, MN | 27,242 | 115 | 1.1x |
| Chanhassen, MN | 25,646 | 125 | 1.2x |
| Waconia, MN | 12,773 | 111 | 1.0x |
| Victoria, MN | 10,361 | 128 | 1.2x |
| Mound, MN | 9,365 | 110 | 1.0x |
