Mound, MN Cost Of Living
Cost Of Living In Mound, MN Summary
Cost of living in Mound 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 Mound 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 Mound is 105, with 100 being the average.
The cost of living index in Mound is 1.1x higher than the national average.
Mound ranks as the #75 cheapest in Minnesota out of 148.
Mound ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in Mound is $374,550.
The median income in Mound is $91,370.
Table Of Contents
Mound's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mound, MN?
According to the most recent data on the cost of living, Mound has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Mound has a cost of living index that's 1.1x higher than Minnesota's index of 97.
The standard of living in Mound ranks as #75 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Mound ranks as the #73 most expensive place in the North Star State.
For more reading on life in Mound, check out:
In Minnesota
In America
Mound Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Mound. Here is how it fairs on each of the criteria:
The Services index in Mound is 96.
The Groceries index in Mound is 96.
The Health index in Mound is 99.
The Housing index in Mound is 122.
The Transportation index in Mound is 96.
The Utilities index in Mound is 96.
| Living Expense | Mound | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 105 | 97 | 100 | |
| Services | 96 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 99 | 110 | 100 | |
| Housing | 122 | 100 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 96 | 94 | 100 | |
Mound, 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 Mound is $374,550.
The Median Rent in Mound is $1,119.
The Median Income in Mound is $91,370.
The Home Value To Income in Mound is 4.1x.
The Rent To Monthly Income in Mound is 0.15x.
Median Home Value
Median Rent
Median Income
Mound, MN Costs By Category
Detailed Mound Services Costs Vs. Minnesota
Detailed Mound Groceries Costs Vs. Minnesota
Detailed Mound Health Costs Vs. Minnesota
Detailed Mound Transportation Costs Vs. Minnesota
Detailed Mound Utilities Costs Vs. Minnesota
Mound SnackAbility
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Cost Of Living In Cities Around Mound
The cost of living varies in the cities and towns around Mound. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 124, 1.2x Mound.
Maple Grove, MN has a cost of living index of 118, 1.1x Mound.
Eden Prairie, MN has a cost of living index of 124, 1.2x Mound.
| City | Population | Cost Of Living | Vs. Mound |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 1.2x |
| Maple Grove, MN | 70,539 | 118 | 1.1x |
| Eden Prairie, MN | 63,249 | 124 | 1.2x |
| Minnetonka, MN | 53,256 | 120 | 1.1x |
| Edina, MN | 53,125 | 139 | 1.3x |
| Golden Valley, MN | 21,927 | 118 | 1.1x |
| Rogers, MN | 13,405 | 122 | 1.2x |
| Victoria, MN | 10,972 | 132 | 1.3x |
| Minnetrista, MN | 8,509 | 141 | 1.3x |
| Orono, MN | 8,205 | 170 | 1.6x |
