Litchfield, MN Cost Of Living
Cost Of Living In Litchfield, MN Summary
Cost of living in Litchfield 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 Litchfield 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 Litchfield is 98, with 100 being the average.
The cost of living index in Litchfield is 1.0x lower than the national average.
Litchfield ranks as the #37 cheapest in Minnesota out of 147.
Litchfield ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Litchfield is $154,700.
The median income in Litchfield is $49,457.
Table Of Contents
Litchfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Litchfield, MN?
According to the most recent data on the cost of living, Litchfield has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Litchfield has a cost of living index that's 1.0x higher than Minnesota's index of 95.
The standard of living in Litchfield ranks as #37 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Litchfield ranks as the #110 most expensive place in the North Star State.
For more reading on life in Litchfield, check out:
- Living In Litchfield
- Litchfield Crime Report
- Search Homes For Sale In Litchfield, MN
In Minnesota
In America
Litchfield Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Litchfield. Here is how it fairs on each of the criteria:
The Services index in Litchfield is 113.
The Groceries index in Litchfield is 112.
The Health index in Litchfield is 119.
The Housing index in Litchfield is 68.
The Transportation index in Litchfield is 97.
The Utilities index in Litchfield is 98.
| Living Expense | Litchfield | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 98 | 95 | 100 | |
| Services | 113 | 101 | 100 | |
| Groceries | 112 | 98 | 100 | |
| Health | 119 | 111 | 100 | |
| Housing | 68 | 83 | 100 | |
| Transportation | 97 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Litchfield, 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 2017-2021. The key points are:
The Median Home Value in Litchfield is $154,700.
The Median Rent in Litchfield is $750.
The Median Income in Litchfield is $49,457.
The Home Value To Income in Litchfield is 3.1x.
The Rent To Monthly Income in Litchfield is 0.18x.
| Statistic | Litchfield | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $154,700 | $250,200 | $244,900 |
| Median Rent | $750 | $1,081 | $1,163 |
| Median Income | $49,457 | $77,706 | $69,021 |
| Home Value To Income | 3.1x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Litchfield, MN Costs By Category
Detailed Litchfield Services Costs Vs. Minnesota
| Item | Litchfield | Minnesota |
|---|---|---|
| Shampoo | $1.41 | $1.06 |
| Movie | $11.5 | $10.68 |
| Bowling | $14.67 | $14.67 |
| Haircut | $22.14 | $18.62 |
| Beauty Salon | $32.63 | $39.05 |
Detailed Litchfield Groceries Costs Vs. Minnesota
| Item | Litchfield | Minnesota |
|---|---|---|
| Ground Beef | $4.38 | $4.22 |
| Fried Chicken | $1.87 | $1.39 |
| Milk | $2.51 | $2.05 |
| Potatoes | $3.69 | $3.29 |
| Pizza | $11.82 | $10.62 |
| Beer | $9.02 | $9.38 |
| Toothpaste | $2.47 | $2.34 |
Detailed Litchfield Health Costs Vs. Minnesota
| Item | Litchfield | Minnesota |
|---|---|---|
| Optometrist | $121.88 | $108.57 |
| Doctor | $188.46 | $116.17 |
| Dentist | $98.83 | $99.13 |
Detailed Litchfield Transportation Costs Vs. Minnesota
| Item | Litchfield | Minnesota |
|---|---|---|
| Gasoline | $2.14 | $2.22 |
| Tire Balancing | $51.67 | $50.07 |
Detailed Litchfield Utilities Costs Vs. Minnesota
| Item | Litchfield | Minnesota |
|---|---|---|
| All Electricity | $167.38 | $167.67 |
| Phone | $181.73 | $175.64 |
Litchfield SnackAbility
/10
Cost Of Living In Cities Around Litchfield
The cost of living varies in the cities and towns around Litchfield. Here's a quick look at the cost of living in the most populous nearby places:
St. Michael, MN has a cost of living index of 114, 1.2x Litchfield.
Rogers, MN has a cost of living index of 120, 1.2x Litchfield.
Waconia, MN has a cost of living index of 111, 1.1x Litchfield.
| City | Population | Cost Of Living | Vs. Litchfield |
|---|---|---|---|
| St. Michael, MN | 18,148 | 114 | 1.2x |
| Rogers, MN | 13,182 | 120 | 1.2x |
| Waconia, MN | 12,773 | 111 | 1.1x |
| Victoria, MN | 10,361 | 128 | 1.3x |
| Mound, MN | 9,365 | 110 | 1.1x |
| Orono, MN | 8,252 | 157 | 1.6x |
| Minnetrista, MN | 8,215 | 146 | 1.5x |
| Shorewood, MN | 7,779 | 134 | 1.4x |
| St. Joseph, MN | 6,919 | 100 | 1.0x |
| Grove, OK | 6,900 | 87 | 0.9x |
