Elk River, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
106
Elk River's Overall Cost Of Living
1.1x
Higher Than The National Average
83 out of 147
In Minnesota
3,772 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Elk River is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Elk River, MN?

According to the most recent data on the cost of living, Elk River has an overall cost of living index of 106 which is 1.1x higher than the national index of 100.

Compared to only Minnesota, Elk River has a cost of living index that's 1.0x higher than Minnesota's index of 104.

The standard of living in Elk River ranks as #3,773 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Elk River ranks as the #2,646 most expensive place in the North Star State.

For more reading on life in Elk River, check out:

Elk River Cost Of Living Vs. Minnesota

Living Expense Elk River Minnesota National Average
Overall 106 104 100
Services 112 106 100
Groceries 104 102 100
Health 103 113 100
Housing 114 101 100
Transportation 103 102 100
Utilities 96 98 100
For more reading on cost of living around Minnesota, check out:
Elk River Cost of Living Vs. MN

Elk River, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$243,500
Median Home Value
$1,040
Median Rent
$87,755
Median Income
Statistic Elk River Minnesota United States
Median Home Value $243,500 $235,700 $229,800
Median Rent $1,040 $1,010 $1,096
Median Income $87,755 $73,382 $64,994
Home Value To Income 2.8x 3.2x 3.5x
Rent To Monthly Income 0.14x 0.17x 0.2x

Detailed Elk River Services Costs Vs. Minnesota

Item Elk River Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67

Detailed Elk River Groceries Costs Vs. Minnesota

Item Elk River Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05

Detailed Elk River Health Costs Vs. Minnesota

Item Elk River Minnesota
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05
Toothpaste $3.36 $2.34

Detailed Elk River Transportation Costs Vs. Minnesota

Item Elk River Minnesota
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Elk River Utilities Costs Vs. Minnesota

Item Elk River Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Elk River SnackAbility

9
/10
Overall SnackAbility
Jobs
9/10
Housing
8
Affordability
8.5
Diversity
6
Safety
8
Amenities
8
Education
8
Commute
5

Cost Of Living In Cities Around Elk River

City Population Cost Of Living Vs. Elk River
Maple Grove, MN 71,569 117 1.1x
Andover, MN 33,019 114 1.1x
Ramsey, MN 27,201 109 1.0x
Champlin, MN 24,980 110 1.0x
St. Michael, MN 17,871 114 1.1x
Otsego, MN 17,429 107 1.0x
Ham Lake, MN 16,630 114 1.1x
Rogers, MN 13,183 120 1.1x
Oak Grove, MN 8,819 113 1.1x
St. Francis, MN 7,793 102 1.0x

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