Ramsey, MN Cost Of Living
Cost Of Living In Ramsey, MN Summary
Cost of living in Ramsey 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 Ramsey 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 Ramsey is 109, with 100 being the average.
The cost of living index in Ramsey is 1.1x higher than the national average.
Ramsey ranks as the #98 cheapest in Minnesota out of 147.
Ramsey ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Ramsey is $281,800.
The median income in Ramsey is $101,996.
Table Of Contents
Ramsey's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ramsey, MN?
According to the most recent data on the cost of living, Ramsey has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Ramsey has a cost of living index that's 1.1x higher than Minnesota's index of 95.
The standard of living in Ramsey ranks as #98 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Ramsey ranks as the #49 most expensive place in the North Star State.
For more reading on life in Ramsey, check out:
- Living In Ramsey
- Ramsey Crime Report
- Search Homes For Sale In Ramsey, MN
In Minnesota
In America
Ramsey Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Ramsey. Here is how it fairs on each of the criteria:
The Services index in Ramsey is 109.
The Groceries index in Ramsey is 102.
The Health index in Ramsey is 103.
The Housing index in Ramsey is 121.
The Transportation index in Ramsey is 102.
The Utilities index in Ramsey is 98.
| Living Expense | Ramsey | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 109 | 95 | 100 | |
| Services | 109 | 101 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 121 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Ramsey, 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 Ramsey is $281,800.
The Median Rent in Ramsey is $1,635.
The Median Income in Ramsey is $101,996.
The Home Value To Income in Ramsey is 2.8x.
The Rent To Monthly Income in Ramsey is 0.19x.
| Statistic | Ramsey | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $281,800 | $250,200 | $244,900 |
| Median Rent | $1,635 | $1,081 | $1,163 |
| Median Income | $101,996 | $77,706 | $69,021 |
| Home Value To Income | 2.8x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Ramsey, MN Costs By Category
Detailed Ramsey Services Costs Vs. Minnesota
Detailed Ramsey Groceries Costs Vs. Minnesota
Detailed Ramsey Health Costs Vs. Minnesota
Detailed Ramsey Transportation Costs Vs. Minnesota
Detailed Ramsey Utilities Costs Vs. Minnesota
Ramsey SnackAbility
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Cost Of Living In Cities Around Ramsey
The cost of living varies in the cities and towns around Ramsey. 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, 1.1x Ramsey.
Maple Grove, MN has a cost of living index of 117, 1.1x Ramsey.
Coon Rapids, MN has a cost of living index of 102, 0.9x Ramsey.
| City | Population | Cost Of Living | Vs. Ramsey |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.1x |
| Maple Grove, MN | 69,900 | 117 | 1.1x |
| Coon Rapids, MN | 63,269 | 102 | 0.9x |
| Andover, MN | 32,471 | 114 | 1.0x |
| Shoreview, MN | 26,871 | 110 | 1.0x |
| Elk River, MN | 25,467 | 106 | 1.0x |
| Champlin, MN | 23,877 | 110 | 1.0x |
| Golden Valley, MN | 22,247 | 116 | 1.1x |
| Lino Lakes, MN | 21,180 | 114 | 1.0x |
| Otsego, MN | 19,565 | 107 | 1.0x |
