North Oaks, MN Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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 156, with 100 being the average.

  • The cost of living index in North Oaks is 1.6x higher than the national average.

  • North Oaks ranks as the #145 cheapest in Minnesota out of 147.

  • North Oaks ranks as the #5,945 cheapest out of 6,412 in the US.

  • The median home value in North Oaks is $696,800.

  • The median income in North Oaks is $220,861.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
156
North Oaks's Overall Cost Of Living
1.6x
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 156, which is 1.6x higher than the national index of 100.

Compared to Minnesota, North Oaks has a cost of living index that's 1.6x higher than Minnesota's index of 95.

The standard of living in North Oaks ranks as #145 most affordable out of the 147 places we measured in Minnesota. By definition, that implies North Oaks ranks as the #2 most expensive place in the North Star State.

For more reading on life in North Oaks, check out:

145 out of 147
In Minnesota
5,945 out of 6,412
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 111.

  • The Groceries index in North Oaks is 104.

  • The Health index in North Oaks is 101.

  • The Housing index in North Oaks is 271.

  • The Transportation index in North Oaks is 104.

  • The Utilities index in North Oaks is 94.

Living Expense North Oaks Minnesota National Average
Overall 156 95 100
Services 111 101 100
Groceries 104 98 100
Health 101 111 100
Housing 271 83 100
Transportation 104 98 100
Utilities 94 95 100
For more reading on cost of living around Minnesota, check out:
North Oaks Cost of Living Vs. MN

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 2017-2021. The key points are:

  • The Median Home Value in North Oaks is $696,800.

  • The Median Rent in North Oaks is $2,261.

  • The Median Income in North Oaks is $220,861.

  • The Home Value To Income in North Oaks is 3.2x.

  • The Rent To Monthly Income in North Oaks is 0.12x.

Statistic North Oaks Minnesota United States
Median Home Value $696,800 $250,200 $244,900
Median Rent $2,261 $1,081 $1,163
Median Income $220,861 $77,706 $69,021
Home Value To Income 3.2x 3.2x 3.5x
Rent To Monthly Income 0.12x 0.17x 0.2x
Search Homes For Sale In North Oaks, MN
$696,800
Median Home Value
$2,261
Median Rent
$220,861
Median Income

North Oaks, MN Costs By Category

Detailed North Oaks Services Costs Vs. Minnesota

Item North Oaks Minnesota
Shampoo $1.11 $1.06
Movie $10.55 $10.68
Bowling $25.79 $14.67
Haircut $25.21 $18.62
Beauty Salon $35.12 $39.05

Detailed North Oaks Groceries Costs Vs. Minnesota

Item North Oaks Minnesota
Ground Beef $4.45 $4.22
Fried Chicken $2.2 $1.39
Milk $2.59 $2.05
Potatoes $3.33 $3.29
Pizza $12.95 $10.62
Beer $9.01 $9.38
Toothpaste $3.37 $2.34

Detailed North Oaks Health Costs Vs. Minnesota

Item North Oaks Minnesota
Optometrist $90.27 $108.57
Doctor $148.38 $116.17
Dentist $86.91 $99.13

Detailed North Oaks Transportation Costs Vs. Minnesota

Item North Oaks Minnesota
Gasoline $2.06 $2.22
Tire Balancing $59.83 $50.07

Detailed North Oaks Utilities Costs Vs. Minnesota

Item North Oaks Minnesota
All Electricity $156.09 $167.67
Phone $182.1 $175.64

North Oaks SnackAbility

7
/10
Overall SnackAbility
Jobs
10/10
Housing
10
Affordability
8
Diversity
5
Safety
N/A
Amenities
6
Education
10
Commute
6

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 122, 0.8x North Oaks.

  • Woodbury, MN has a cost of living index of 122, 0.8x North Oaks.

  • Maple Grove, MN has a cost of living index of 117, 0.8x North Oaks.

City Population Cost Of Living Vs. North Oaks
Plymouth, MN 80,034 122 0.8x
Woodbury, MN 74,014 122 0.8x
Maple Grove, MN 69,900 117 0.8x
Edina, MN 53,059 135 0.9x
Shoreview, MN 26,871 110 0.7x
White Bear Lake, MN 24,520 107 0.7x
Champlin, MN 23,877 110 0.7x
Golden Valley, MN 22,247 116 0.7x
Lino Lakes, MN 21,180 114 0.7x
Mounds View, MN 13,187 99 0.6x

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