North Oaks, MN Cost Of Living
Cost Of Living In North Oaks, MN Summary
Cost of living in North Oaks 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 North Oaks 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 North Oaks is 168, with 100 being the average.
The cost of living index in North Oaks is 1.7x higher than the national average.
North Oaks ranks as the #147 cheapest in Minnesota out of 148.
North Oaks ranks as the #6,033 cheapest out of 6,489 in the US.
The median home value in North Oaks is $920,104.
The median income in North Oaks is $235,858.
Table Of Contents
North Oaks's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Oaks, MN?
According to the most recent data on the cost of living, North Oaks has an overall cost of living index of 168, which is 1.7x higher than the national index of 100.
Compared to Minnesota, North Oaks has a cost of living index that's 1.7x higher than Minnesota's index of 97.
The standard of living in North Oaks ranks as #147 most affordable out of the 148 places we measured in Minnesota. By definition, that implies North Oaks ranks as the #1 most expensive place in the North Star State.
For more reading on life in North Oaks, check out:
In Minnesota
In America
North Oaks Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in North Oaks. Here is how it fairs on each of the criteria:
The Services index in North Oaks is 95.
The Groceries index in North Oaks is 99.
The Health index in North Oaks is 102.
The Housing index in North Oaks is 337.
The Transportation index in North Oaks is 100.
The Utilities index in North Oaks is 96.
| Living Expense | North Oaks | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 168 | 97 | 100 | |
| Services | 95 | 101 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 102 | 110 | 100 | |
| Housing | 337 | 100 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 96 | 94 | 100 | |
North Oaks, 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 North Oaks is $920,104.
The Median Rent in North Oaks is $2,932.
The Median Income in North Oaks is $235,858.
The Home Value To Income in North Oaks is 3.9x.
The Rent To Monthly Income in North Oaks is 0.15x.
| Statistic | North Oaks | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $920,104 | $344,484 | $303,400 |
| Median Rent | $2,932 | $1,235 | $1,348 |
| Median Income | $235,858 | $87,556 | $78,538 |
| Home Value To Income | 3.9x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
North Oaks, MN Costs By Category
Detailed North Oaks Services Costs Vs. Minnesota
| Item | North Oaks | 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 North Oaks Groceries Costs Vs. Minnesota
| Item | North Oaks | 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 North Oaks Health Costs Vs. Minnesota
| Item | North Oaks | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed North Oaks Transportation Costs Vs. Minnesota
| Item | North Oaks | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed North Oaks Utilities Costs Vs. Minnesota
| Item | North Oaks | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
North Oaks SnackAbility
/10
Cost Of Living In Cities Around North Oaks
The cost of living varies in the cities and towns around North Oaks. 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, 0.7x North Oaks.
Woodbury, MN has a cost of living index of 122, 0.7x North Oaks.
Maple Grove, MN has a cost of living index of 118, 0.7x North Oaks.
| City | Population | Cost Of Living | Vs. North Oaks |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 0.7x |
| Woodbury, MN | 76,945 | 122 | 0.7x |
| Maple Grove, MN | 70,539 | 118 | 0.7x |
| Edina, MN | 53,125 | 139 | 0.8x |
| Shoreview, MN | 26,724 | 111 | 0.7x |
| White Bear Lake, MN | 24,026 | 108 | 0.6x |
| Champlin, MN | 23,450 | 110 | 0.7x |
| Golden Valley, MN | 21,927 | 118 | 0.7x |
| Lino Lakes, MN | 21,847 | 117 | 0.7x |
| Mounds View, MN | 12,992 | 101 | 0.6x |
