Golden Valley, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
116
Golden Valley's Overall Cost Of Living
1.2x
Higher Than The National Average
123 out of 147
In Minnesota
4,569 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Golden Valley is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Golden Valley, MN?

According to the most recent data on the cost of living, Golden Valley has an overall cost of living index of 116 which is 1.2x higher than the national index of 100.

Compared to only Minnesota, Golden Valley has a cost of living index that's 1.1x higher than Minnesota's index of 104.

The standard of living in Golden Valley ranks as #4,571 most affordable out of the 6,522 places we measured in Minnesota. By definition, that implies Golden Valley ranks as the #1,835 most expensive place in the North Star State.

For more reading on life in Golden Valley, check out:

Golden Valley Cost Of Living Vs. Minnesota

Living Expense Golden Valley Minnesota National Average
Overall 116 104 100
Services 113 109 100
Groceries 103 106 100
Health 103 110 100
Housing 138 100 100
Transportation 104 100 100
Utilities 97 98 100
For more reading on cost of living around Minnesota, check out:
Golden Valley Cost of Living Vs. MN

Golden Valley, 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.

$304,700
Median Home Value
$1,349
Median Rent
$98,058
Median Income
Statistic Golden Valley Minnesota United States
Median Home Value $304,700 $223,900 $217,500
Median Rent $1,349 $977 $1,062
Median Income $98,058 $71,306 $62,843
Home Value To Income 3.1x 3.1x 3.5x
Rent To Monthly Income 0.17x 0.16x 0.2x

Detailed Golden Valley Services Costs Vs. Minnesota

Item Golden Valley Minnesota
Shampoo $1.08 $1.01
Movie $10.43 $10.72
Bowling $21.05 $13.86

Detailed Golden Valley Groceries Costs Vs. Minnesota

Item Golden Valley Minnesota
Ground Beef $4.52 $3.9
Fried Chicken $2.1 $1.4
Milk $2.62 $1.96

Detailed Golden Valley Health Costs Vs. Minnesota

Item Golden Valley Minnesota
Haircut $24.49 $17.49
Beauty Salon $34.71 $38.17
Toothpaste $3.37 $2.32

Detailed Golden Valley Transportation Costs Vs. Minnesota

Item Golden Valley Minnesota
Potatoes $3.36 $3.18
Pizza $12.73 $10.39
Beer $8.91 $9.23
Optometrist $89.9 $106.34
Doctor $150.44 $115.25
Dentist $85.78 $98.38

Detailed Golden Valley Utilities Costs Vs. Minnesota

Item Golden Valley Minnesota
Gasoline $2.47 $2.59
Tire Balancing $59.72 $48.9
All Electricity $162.02 $167.6
Phone $178.08 $163.42

Golden Valley SnackAbility

9.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
7
Safety
8
Amenities
8.5
Education
9.5
Commute
8

Cost Of Living In Cities Around Golden Valley

City Population Cost Of Living Vs. Golden Valley
Minneapolis, MN 420,324 108 0.9x
Plymouth, MN 78,134 122 1.1x
Maple Grove, MN 70,627 117 1.0x
Eden Prairie, MN 64,179 123 1.1x
Minnetonka, MN 53,025 121 1.0x
Edina, MN 51,746 135 1.2x
St. Louis Park, MN 48,677 112 1.0x
Brooklyn Center, MN 30,849 100 0.9x
Shoreview, MN 26,791 113 1.0x
Crystal, MN 22,975 102 0.9x

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