Cost of living in Rosemount 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 Rosemount 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 Rosemount is 113, with 100 being the average.
The cost of living index in Rosemount is 1.1x higher than the national average.
Rosemount ranks as the #117 cheapest in Minnesota out of 147.
Rosemount ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Rosemount is $320,600.
The median income in Rosemount is $117,416.
According to the most recent data on the cost of living, Rosemount has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Rosemount has a cost of living index that's 1.2x higher than Minnesota's index of 95.
The standard of living in Rosemount ranks as #117 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Rosemount ranks as the #30 most expensive place in the North Star State.
For more reading on life in Rosemount, check out:
Six factors go into calculating the cost of living index in Rosemount. Here is how it fairs on each of the criteria:
The Services index in Rosemount is 114.
The Groceries index in Rosemount is 102.
The Health index in Rosemount is 101.
The Housing index in Rosemount is 128.
The Transportation index in Rosemount is 103.
The Utilities index in Rosemount is 97.
|Living Expense||Rosemount||Minnesota||National Average|
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 Rosemount is $320,600.
The Median Rent in Rosemount is $1,417.
The Median Income in Rosemount is $117,416.
The Home Value To Income in Rosemount is 2.7x.
The Rent To Monthly Income in Rosemount is 0.14x.
|Median Home Value||$320,600||$250,200||$244,900|
|Home Value To Income||2.7x||3.2x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|
The cost of living varies in the cities and towns around Rosemount. 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, 1.1x Rosemount.
Lakeville, MN has a cost of living index of 116, 1.0x Rosemount.
Eagan, MN has a cost of living index of 112, 1.0x Rosemount.
|City||Population||Cost Of Living||Vs. Rosemount|
|Apple Valley, MN||55,237||112||1.0x|
|Cottage Grove, MN||38,582||111||1.0x|
|Inver Grove Heights, MN||35,539||106||0.9x|
|Mendota Heights, MN||11,681||125||1.1x|