Mounds View, MN Cost Of Living
Cost Of Living In Mounds View, MN Summary
Cost of living in Mounds View 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 Mounds View 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 Mounds View is 99, with 100 being the average.
The cost of living index in Mounds View is 1.0x lower than the national average.
Mounds View ranks as the #42 cheapest in Minnesota out of 147.
Mounds View ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Mounds View is $236,600.
The median income in Mounds View is $78,208.
Table Of Contents
Mounds View's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mounds View, MN?
According to the most recent data on the cost of living, Mounds View has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Mounds View has a cost of living index that's 1.0x higher than Minnesota's index of 95.
The standard of living in Mounds View ranks as #42 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Mounds View ranks as the #105 most expensive place in the North Star State.
For more reading on life in Mounds View, check out:
- Living In Mounds View
- Mounds View Crime Report
- Search Homes For Sale In Mounds View, MN
In Minnesota
In America
Mounds View Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Mounds View. Here is how it fairs on each of the criteria:
The Services index in Mounds View is 109.
The Groceries index in Mounds View is 105.
The Health index in Mounds View is 103.
The Housing index in Mounds View is 92.
The Transportation index in Mounds View is 102.
The Utilities index in Mounds View is 97.
| Living Expense | Mounds View | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 99 | 95 | 100 | |
| Services | 109 | 101 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 92 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 97 | 95 | 100 | |
Mounds View, 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 Mounds View is $236,600.
The Median Rent in Mounds View is $1,048.
The Median Income in Mounds View is $78,208.
The Home Value To Income in Mounds View is 3.0x.
The Rent To Monthly Income in Mounds View is 0.16x.
| Statistic | Mounds View | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $236,600 | $250,200 | $244,900 |
| Median Rent | $1,048 | $1,081 | $1,163 |
| Median Income | $78,208 | $77,706 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Mounds View, MN Costs By Category
Detailed Mounds View Services Costs Vs. Minnesota
| Item | Mounds View | Minnesota |
|---|---|---|
| Shampoo | $1.09 | $1.06 |
| Movie | $9.96 | $10.68 |
| Bowling | $22.57 | $14.67 |
| Haircut | $24.2 | $18.62 |
| Beauty Salon | $34.39 | $39.05 |
Detailed Mounds View Groceries Costs Vs. Minnesota
| Item | Mounds View | Minnesota |
|---|---|---|
| Ground Beef | $4.4 | $4.22 |
| Fried Chicken | $2.1 | $1.39 |
| Milk | $2.6 | $2.05 |
| Potatoes | $3.32 | $3.29 |
| Pizza | $12.99 | $10.62 |
| Beer | $8.96 | $9.38 |
| Toothpaste | $3.36 | $2.34 |
Detailed Mounds View Health Costs Vs. Minnesota
| Item | Mounds View | Minnesota |
|---|---|---|
| Optometrist | $89.59 | $108.57 |
| Doctor | $147.85 | $116.17 |
| Dentist | $86.94 | $99.13 |
Detailed Mounds View Transportation Costs Vs. Minnesota
| Item | Mounds View | Minnesota |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $58.37 | $50.07 |
Detailed Mounds View Utilities Costs Vs. Minnesota
| Item | Mounds View | Minnesota |
|---|---|---|
| All Electricity | $160.63 | $167.67 |
| Phone | $180.98 | $175.64 |
Mounds View SnackAbility
/10
Cost Of Living In Cities Around Mounds View
The cost of living varies in the cities and towns around Mounds View. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.2x Mounds View.
Woodbury, MN has a cost of living index of 122, 1.2x Mounds View.
Maple Grove, MN has a cost of living index of 117, 1.2x Mounds View.
| City | Population | Cost Of Living | Vs. Mounds View |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.2x |
| Woodbury, MN | 74,014 | 122 | 1.2x |
| Maple Grove, MN | 69,900 | 117 | 1.2x |
| Blaine, MN | 68,999 | 104 | 1.1x |
| Minnetonka, MN | 53,809 | 121 | 1.2x |
| Edina, MN | 53,059 | 135 | 1.4x |
| Fridley, MN | 29,422 | 103 | 1.0x |
| Shoreview, MN | 26,871 | 110 | 1.1x |
| Champlin, MN | 23,877 | 110 | 1.1x |
| New Brighton, MN | 23,293 | 110 | 1.1x |
