Northfield, MN Cost Of Living
Cost Of Living In Northfield, MN Summary
Cost of living in Northfield 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 Northfield 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 Northfield is 101, with 100 being the average.
The cost of living index in Northfield is 1.0x higher than the national average.
Northfield ranks as the #51 cheapest in Minnesota out of 148.
Northfield ranks as the #2,735 cheapest out of 6,489 in the US.
The median home value in Northfield is $391,021.
The median income in Northfield is $92,000.
Table Of Contents
Northfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Northfield, MN?
According to the most recent data on the cost of living, Northfield has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Minnesota, Northfield has a cost of living index that's 1.0x higher than Minnesota's index of 97.
The standard of living in Northfield ranks as #51 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Northfield ranks as the #97 most expensive place in the North Star State.
For more reading on life in Northfield, check out:
In Minnesota
In America
Northfield Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Northfield. Here is how it fairs on each of the criteria:
The Services index in Northfield is 97.
The Groceries index in Northfield is 99.
The Health index in Northfield is 103.
The Housing index in Northfield is 119.
The Transportation index in Northfield is 99.
The Utilities index in Northfield is 96.
| Living Expense | Northfield | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 101 | 97 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 103 | 110 | 100 | |
| Housing | 119 | 100 | 100 | |
| Transportation | 99 | 95 | 100 | |
| Utilities | 96 | 94 | 100 | |
Northfield, 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 Northfield is $391,021.
The Median Rent in Northfield is $1,036.
The Median Income in Northfield is $92,000.
The Home Value To Income in Northfield is 4.3x.
The Rent To Monthly Income in Northfield is 0.14x.
| Statistic | Northfield | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $391,021 | $344,484 | $303,400 |
| Median Rent | $1,036 | $1,235 | $1,348 |
| Median Income | $92,000 | $87,556 | $78,538 |
| Home Value To Income | 4.3x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Northfield, MN Costs By Category
Detailed Northfield Services Costs Vs. Minnesota
| Item | Northfield | 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 Northfield Groceries Costs Vs. Minnesota
| Item | Northfield | 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 Northfield Health Costs Vs. Minnesota
| Item | Northfield | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed Northfield Transportation Costs Vs. Minnesota
| Item | Northfield | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed Northfield Utilities Costs Vs. Minnesota
| Item | Northfield | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
Northfield SnackAbility
/10
Cost Of Living In Cities Around Northfield
The cost of living varies in the cities and towns around Northfield. 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 Northfield.
Woodbury, MN has a cost of living index of 122, 1.2x Northfield.
Lakeville, MN has a cost of living index of 119, 1.2x Northfield.
| City | Population | Cost Of Living | Vs. Northfield |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 1.2x |
| Woodbury, MN | 76,945 | 122 | 1.2x |
| Lakeville, MN | 72,480 | 119 | 1.2x |
| Maple Grove, MN | 70,539 | 118 | 1.2x |
| Eden Prairie, MN | 63,249 | 124 | 1.2x |
| Minnetonka, MN | 53,256 | 120 | 1.2x |
| Edina, MN | 53,125 | 139 | 1.4x |
| Shoreview, MN | 26,724 | 111 | 1.1x |
| Faribault, MN | 24,458 | 96 | 1.0x |
| Farmington, MN | 23,675 | 111 | 1.1x |
