Moorhead, MN Cost Of Living
Cost Of Living In Moorhead, MN Summary
Cost of living in Moorhead 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 Moorhead 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 Moorhead is 97, with 100 being the average.
The cost of living index in Moorhead is 1.0x lower than the national average.
Moorhead ranks as the #32 cheapest in Minnesota out of 147.
Moorhead ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Moorhead is $209,200.
The median income in Moorhead is $62,940.
Table Of Contents
Moorhead's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Moorhead, MN?
According to the most recent data on the cost of living, Moorhead has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Moorhead has a cost of living index that's 1.0x higher than Minnesota's index of 95.
The standard of living in Moorhead ranks as #32 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Moorhead ranks as the #115 most expensive place in the North Star State.
For more reading on life in Moorhead, check out:
- Living In Moorhead
- Moorhead Crime Report
- Search Homes For Sale In Moorhead, MN
In Minnesota
In America
Moorhead Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Moorhead. Here is how it fairs on each of the criteria:
The Services index in Moorhead is 98.
The Groceries index in Moorhead is 106.
The Health index in Moorhead is 117.
The Housing index in Moorhead is 88.
The Transportation index in Moorhead is 97.
The Utilities index in Moorhead is 88.
| Living Expense | Moorhead | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 97 | 95 | 100 | |
| Services | 98 | 101 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 117 | 111 | 100 | |
| Housing | 88 | 83 | 100 | |
| Transportation | 97 | 98 | 100 | |
| Utilities | 88 | 95 | 100 | |
Moorhead, 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 Moorhead is $209,200.
The Median Rent in Moorhead is $907.
The Median Income in Moorhead is $62,940.
The Home Value To Income in Moorhead is 3.3x.
The Rent To Monthly Income in Moorhead is 0.17x.
| Statistic | Moorhead | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $209,200 | $250,200 | $244,900 |
| Median Rent | $907 | $1,081 | $1,163 |
| Median Income | $62,940 | $77,706 | $69,021 |
| Home Value To Income | 3.3x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Moorhead, MN Costs By Category
Detailed Moorhead Services Costs Vs. Minnesota
Detailed Moorhead Groceries Costs Vs. Minnesota
Detailed Moorhead Health Costs Vs. Minnesota
Detailed Moorhead Transportation Costs Vs. Minnesota
Detailed Moorhead Utilities Costs Vs. Minnesota
Moorhead SnackAbility
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Cost Of Living In Cities Around Moorhead
The cost of living varies in the cities and towns around Moorhead. Here's a quick look at the cost of living in the most populous nearby places:
Fargo, ND has a cost of living index of 98, 1.0x Moorhead.
West Fargo, ND has a cost of living index of 98, 1.0x Moorhead.
Detroit Lakes, MN has a cost of living index of 97, 1.0x Moorhead.
| City | Population | Cost Of Living | Vs. Moorhead |
|---|---|---|---|
| Fargo, ND | 124,979 | 98 | 1.0x |
| West Fargo, ND | 37,913 | 98 | 1.0x |
| Detroit Lakes, MN | 9,717 | 97 | 1.0x |
| Wahpeton, ND | 7,928 | 88 | 0.9x |
