Cost of living in Belle Plaine 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 Belle Plaine 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 Belle Plaine is 97, with 100 being the average.
The cost of living index in Belle Plaine is 1.0x lower than the national average.
Belle Plaine ranks as the #32 cheapest in Minnesota out of 147.
Belle Plaine ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Belle Plaine is $250,600.
The median income in Belle Plaine is $87,963.
According to the most recent data on the cost of living, Belle Plaine has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Belle Plaine has a cost of living index that's 1.0x higher than Minnesota's index of 95.
The standard of living in Belle Plaine ranks as #32 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Belle Plaine ranks as the #115 most expensive place in the North Star State.
For more reading on life in Belle Plaine, check out:
Six factors go into calculating the cost of living index in Belle Plaine. Here is how it fairs on each of the criteria:
The Services index in Belle Plaine is 96.
The Groceries index in Belle Plaine is 103.
The Health index in Belle Plaine is 119.
The Housing index in Belle Plaine is 95.
The Transportation index in Belle Plaine is 100.
The Utilities index in Belle Plaine is 97.
|Living Expense||Belle Plaine||Minnesota||National Average|
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 Belle Plaine is $250,600.
The Median Rent in Belle Plaine is $931.
The Median Income in Belle Plaine is $87,963.
The Home Value To Income in Belle Plaine is 2.8x.
The Rent To Monthly Income in Belle Plaine is 0.13x.
|Statistic||Belle Plaine||Minnesota||United States|
|Median Home Value||$250,600||$250,200||$244,900|
|Home Value To Income||2.8x||3.2x||3.5x|
|Rent To Monthly Income||0.13x||0.17x||0.2x|
The cost of living varies in the cities and towns around Belle Plaine. Here's a quick look at the cost of living in the most populous nearby places:
Shakopee, MN has a cost of living index of 108, 1.1x Belle Plaine.
Chaska, MN has a cost of living index of 110, 1.1x Belle Plaine.
Prior Lake, MN has a cost of living index of 115, 1.2x Belle Plaine.
|City||Population||Cost Of Living||Vs. Belle Plaine|
|Prior Lake, MN||27,242||115||1.2x|
|New Prague, MN||8,060||106||1.1x|