Lino Lakes, MN Cost Of Living
Cost Of Living In Lino Lakes, MN Summary
Cost of living in Lino Lakes 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 Lino Lakes 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 Lino Lakes is 117, with 100 being the average.
The cost of living index in Lino Lakes is 1.2x higher than the national average.
Lino Lakes ranks as the #123 cheapest in Minnesota out of 148.
Lino Lakes ranks as the #4,212 cheapest out of 6,489 in the US.
The median home value in Lino Lakes is $446,138.
The median income in Lino Lakes is $121,800.
Table Of Contents
Lino Lakes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lino Lakes, MN?
According to the most recent data on the cost of living, Lino Lakes has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Lino Lakes has a cost of living index that's 1.2x higher than Minnesota's index of 97.
The standard of living in Lino Lakes ranks as #123 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Lino Lakes ranks as the #25 most expensive place in the North Star State.
For more reading on life in Lino Lakes, check out:
In Minnesota
In America
Lino Lakes Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Lino Lakes. Here is how it fairs on each of the criteria:
The Services index in Lino Lakes is 97.
The Groceries index in Lino Lakes is 100.
The Health index in Lino Lakes is 102.
The Housing index in Lino Lakes is 156.
The Transportation index in Lino Lakes is 99.
The Utilities index in Lino Lakes is 95.
| Living Expense | Lino Lakes | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 117 | 97 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 102 | 110 | 100 | |
| Housing | 156 | 100 | 100 | |
| Transportation | 99 | 95 | 100 | |
| Utilities | 95 | 94 | 100 | |
Lino Lakes, 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 Lino Lakes is $446,138.
The Median Rent in Lino Lakes is $1,744.
The Median Income in Lino Lakes is $121,800.
The Home Value To Income in Lino Lakes is 3.7x.
The Rent To Monthly Income in Lino Lakes is 0.17x.
| Statistic | Lino Lakes | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $446,138 | $344,484 | $303,400 |
| Median Rent | $1,744 | $1,235 | $1,348 |
| Median Income | $121,800 | $87,556 | $78,538 |
| Home Value To Income | 3.7x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Lino Lakes, MN Costs By Category
Detailed Lino Lakes Services Costs Vs. Minnesota
| Item | Lino Lakes | 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 Lino Lakes Groceries Costs Vs. Minnesota
| Item | Lino Lakes | 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 Lino Lakes Health Costs Vs. Minnesota
| Item | Lino Lakes | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed Lino Lakes Transportation Costs Vs. Minnesota
| Item | Lino Lakes | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed Lino Lakes Utilities Costs Vs. Minnesota
| Item | Lino Lakes | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
Lino Lakes SnackAbility
/10
Cost Of Living In Cities Around Lino Lakes
The cost of living varies in the cities and towns around Lino Lakes. 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, 1.0x Lino Lakes.
Blaine, MN has a cost of living index of 110, 0.9x Lino Lakes.
Maple Grove, MN has a cost of living index of 118, 1.0x Lino Lakes.
| City | Population | Cost Of Living | Vs. Lino Lakes |
|---|---|---|---|
| Woodbury, MN | 76,945 | 122 | 1.0x |
| Blaine, MN | 71,261 | 110 | 0.9x |
| Maple Grove, MN | 70,539 | 118 | 1.0x |
| Andover, MN | 32,825 | 119 | 1.0x |
| Shoreview, MN | 26,724 | 111 | 0.9x |
| Champlin, MN | 23,450 | 110 | 0.9x |
| Golden Valley, MN | 21,927 | 118 | 1.0x |
| Hugo, MN | 16,076 | 112 | 1.0x |
| Mounds View, MN | 12,992 | 101 | 0.9x |
| Lake Elmo, MN | 12,504 | 128 | 1.1x |
