Inver Grove Heights, MN Cost Of Living
Cost Of Living In Inver Grove Heights, MN Summary
Cost of living in Inver Grove Heights 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 Inver Grove Heights 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 Inver Grove Heights is 112, with 100 being the average.
The cost of living index in Inver Grove Heights is 1.1x higher than the national average.
Inver Grove Heights ranks as the #108 cheapest in Minnesota out of 148.
Inver Grove Heights ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Inver Grove Heights is $372,395.
The median income in Inver Grove Heights is $104,055.
Table Of Contents
Inver Grove Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Inver Grove Heights, MN?
According to the most recent data on the cost of living, Inver Grove Heights has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Inver Grove Heights has a cost of living index that's 1.2x higher than Minnesota's index of 97.
The standard of living in Inver Grove Heights ranks as #108 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Inver Grove Heights ranks as the #40 most expensive place in the North Star State.
For more reading on life in Inver Grove Heights, check out:
In Minnesota
In America
Inver Grove Heights Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Inver Grove Heights. Here is how it fairs on each of the criteria:
The Services index in Inver Grove Heights is 98.
The Groceries index in Inver Grove Heights is 100.
The Health index in Inver Grove Heights is 102.
The Housing index in Inver Grove Heights is 144.
The Transportation index in Inver Grove Heights is 100.
The Utilities index in Inver Grove Heights is 96.
| Living Expense | Inver Grove Heights | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 98 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 102 | 110 | 100 | |
| Housing | 144 | 100 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 96 | 94 | 100 | |
Inver Grove Heights, 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 2019-2023. The key points are:
The Median Home Value in Inver Grove Heights is $372,395.
The Median Rent in Inver Grove Heights is $1,447.
The Median Income in Inver Grove Heights is $104,055.
The Home Value To Income in Inver Grove Heights is 3.6x.
The Rent To Monthly Income in Inver Grove Heights is 0.17x.
| Statistic | Inver Grove Heights | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $372,395 | $344,484 | $303,400 |
| Median Rent | $1,447 | $1,235 | $1,348 |
| Median Income | $104,055 | $87,556 | $78,538 |
| Home Value To Income | 3.6x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Inver Grove Heights, MN Costs By Category
Detailed Inver Grove Heights Services Costs Vs. Minnesota
| Item | Inver Grove Heights | Minnesota |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $13.47 | $12.13 |
| Bowling | $21.5 | $18 |
| Haircut | $28.67 | $24.26 |
| Beauty Salon | $34.55 | $45.56 |
Detailed Inver Grove Heights Groceries Costs Vs. Minnesota
| Item | Inver Grove Heights | Minnesota |
|---|---|---|
| Ground Beef | $5.49 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $9.36 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Inver Grove Heights Health Costs Vs. Minnesota
| Item | Inver Grove Heights | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed Inver Grove Heights Transportation Costs Vs. Minnesota
| Item | Inver Grove Heights | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed Inver Grove Heights Utilities Costs Vs. Minnesota
| Item | Inver Grove Heights | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
Inver Grove Heights SnackAbility
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Cost Of Living In Cities Around Inver Grove Heights
The cost of living varies in the cities and towns around Inver Grove Heights. Here's a quick look at the cost of living in the most populous nearby places:
Woodbury, MN has a cost of living index of 122, 1.1x Inver Grove Heights.
Lakeville, MN has a cost of living index of 119, 1.1x Inver Grove Heights.
Eagan, MN has a cost of living index of 115, 1.0x Inver Grove Heights.
| City | Population | Cost Of Living | Vs. Inver Grove Heights |
|---|---|---|---|
| Woodbury, MN | 76,945 | 122 | 1.1x |
| Lakeville, MN | 72,480 | 119 | 1.1x |
| Eagan, MN | 68,158 | 115 | 1.0x |
| Eden Prairie, MN | 63,249 | 124 | 1.1x |
| Apple Valley, MN | 55,696 | 111 | 1.0x |
| Edina, MN | 53,125 | 139 | 1.2x |
| Shoreview, MN | 26,724 | 111 | 1.0x |
| Rosemount, MN | 26,509 | 115 | 1.0x |
| Golden Valley, MN | 21,927 | 118 | 1.1x |
| West St. Paul, MN | 21,076 | 102 | 0.9x |
