Cost of living in Oakdale 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 Oakdale 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 Oakdale is 103, with 100 being the average.
The cost of living index in Oakdale is 1.0x higher than the national average.
Oakdale ranks as the #64 cheapest in Minnesota out of 148.
Oakdale ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Oakdale is $346,374.
The median income in Oakdale is $90,379.
According to the most recent data on the cost of living, Oakdale has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Minnesota, Oakdale has a cost of living index that's 1.1x higher than Minnesota's index of 97.
The standard of living in Oakdale ranks as #64 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Oakdale ranks as the #84 most expensive place in the North Star State.
For more reading on life in Oakdale, check out:
Six factors go into calculating the cost of living index in Oakdale. Here is how it fairs on each of the criteria:
The Services index in Oakdale is 97.
The Groceries index in Oakdale is 98.
The Health index in Oakdale is 102.
The Housing index in Oakdale is 123.
The Transportation index in Oakdale is 96.
The Utilities index in Oakdale is 96.
| Living Expense | Oakdale | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 103 | 97 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 102 | 110 | 100 | |
| Housing | 123 | 100 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 96 | 94 | 100 | |
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 Oakdale is $346,374.
The Median Rent in Oakdale is $1,452.
The Median Income in Oakdale is $90,379.
The Home Value To Income in Oakdale is 3.8x.
The Rent To Monthly Income in Oakdale is 0.19x.
The cost of living varies in the cities and towns around Oakdale. Here's a quick look at the cost of living in the most populous nearby places:
Woodbury, MN has a cost of living index of 122, 1.2x Oakdale.
Eagan, MN has a cost of living index of 115, 1.1x Oakdale.
Maplewood, MN has a cost of living index of 104, 1.0x Oakdale.
| City | Population | Cost Of Living | Vs. Oakdale |
|---|---|---|---|
| Woodbury, MN | 76,945 | 122 | 1.2x |
| Eagan, MN | 68,158 | 115 | 1.1x |
| Maplewood, MN | 40,981 | 104 | 1.0x |
| Cottage Grove, MN | 40,124 | 110 | 1.1x |
| Richfield, MN | 36,725 | 104 | 1.0x |
| Shoreview, MN | 26,724 | 111 | 1.1x |
| Rosemount, MN | 26,509 | 115 | 1.1x |
| White Bear Lake, MN | 24,026 | 108 | 1.0x |
| Golden Valley, MN | 21,927 | 118 | 1.1x |
| North St. Paul, MN | 12,511 | 102 | 1.0x |