Forest Lake, MN Cost Of Living
What is the cost of living in Forest Lake, MN?
According to the most recent data on the cost of living, Forest Lake has an overall cost of living index of 110 which is 1.1x higher than the national index of 100.
Compared to only Minnesota, Forest Lake has a cost of living index that's 1.1x higher than Minnesota's index of 104.
The standard of living in Forest Lake ranks as #4,129 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Forest Lake ranks as the #2,289 most expensive place in the North Star State.
Forest Lake Cost Of Living Vs. Minnesota
| Living Expense | Forest Lake | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 110 | 104 | 100 | |
| Services | 112 | 106 | 100 | |
| Groceries | 103 | 102 | 100 | |
| Health | 104 | 113 | 100 | |
| Housing | 118 | 101 | 100 | |
| Transportation | 103 | 102 | 100 | |
| Utilities | 97 | 98 | 100 | |
Forest Lake, 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.
| Statistic | Forest Lake | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $286,500 | $235,700 | $229,800 |
| Median Rent | $1,132 | $1,010 | $1,096 |
| Median Income | $84,436 | $73,382 | $64,994 |
| Home Value To Income | 3.4x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Detailed Forest Lake Services Costs Vs. Minnesota
| Item | Forest Lake | Minnesota |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $10.55 | $10.68 |
| Bowling | $25.79 | $14.67 |
Detailed Forest Lake Groceries Costs Vs. Minnesota
| Item | Forest Lake | Minnesota |
|---|---|---|
| Ground Beef | $4.45 | $4.22 |
| Fried Chicken | $2.2 | $1.39 |
| Milk | $2.59 | $2.05 |
Detailed Forest Lake Health Costs Vs. Minnesota
| Item | Forest Lake | Minnesota |
|---|---|---|
| Haircut | $25.21 | $18.62 |
| Beauty Salon | $35.12 | $39.05 |
| Toothpaste | $3.37 | $2.34 |
Detailed Forest Lake Transportation Costs Vs. Minnesota
| Item | Forest Lake | Minnesota |
|---|---|---|
| Potatoes | $3.33 | $3.29 |
| Pizza | $12.95 | $10.62 |
| Beer | $9.01 | $9.38 |
| Optometrist | $90.27 | $108.57 |
| Doctor | $148.38 | $116.17 |
| Dentist | $86.91 | $99.13 |
Detailed Forest Lake Utilities Costs Vs. Minnesota
| Item | Forest Lake | Minnesota |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $59.83 | $50.07 |
| All Electricity | $156.09 | $167.67 |
| Phone | $182.1 | $175.64 |
Forest Lake SnackAbility
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Cost Of Living In Cities Around Forest Lake
| City | Population | Cost Of Living | Vs. Forest Lake | Roseville, MN | 36,139 | 107 | 1.0x | Andover, MN | 33,019 | 114 | 1.0x | Shoreview, MN | 26,922 | 110 | 1.0x | Lino Lakes, MN | 21,748 | 114 | 1.0x | Ham Lake, MN | 16,630 | 114 | 1.0x | Hugo, MN | 15,008 | 112 | 1.0x | Vadnais Heights, MN | 13,565 | 106 | 1.0x | Arden Hills, MN | 10,276 | 120 | 1.1x | Lake Elmo, MN | 9,071 | 125 | 1.1x | Mahtomedi, MN | 8,232 | 118 | 1.1x |
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