What is the cost of living in Savage, MN?
According to the most recent data on the cost of living, Savage has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Savage has a cost of living index that's 1.2x higher than Minnesota's index of 101.
The standard of living in Savage ranks as #130 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Savage ranks as the #21 most expensive place in the North Star State.
For more reading on life in Savage, check out:
Savage Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Savage. Here is how it fares on each of the criteria:
The Services index in Savage is 102.
The Groceries index in Savage is 102.
The Health index in Savage is 166.
The Housing index in Savage is 101.
The Transportation index in Savage is 99.
The Utilities index in Savage is 103.
| Living Expense | Savage | Minnesota | National Average |
|---|---|---|---|
| Overall | 121 | 101 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 166 | 99 | 100 |
| Housing | 101 | 101 | 100 |
| Transportation | 99 | 103 | 100 |
| Utilities | 103 | 101 | 100 |
Savage Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Savage Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Savage, 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 2020-2024. The key points are:
The Median Home Value in Savage is $427,462.
The Median Rent in Savage is $1,766.
The Median Income in Savage is $125,513.
The Home Value To Income in Savage is 3.4x.
The Rent To Monthly Income in Savage is 0.17x.
Savage, MN Costs By Category
Detailed Savage Services costs vs. Minnesota
Detailed Savage Groceries costs vs. Minnesota
Detailed Savage Health costs vs. Minnesota
Detailed Savage Transportation costs vs. Minnesota
Savage SnackAbility
Cost Of Living In Cities Around Savage
The cost of living varies in the cities and towns around Savage. Here's a quick look at the cost of living in the most populous nearby places:
Bloomington, MN has a cost of living index of 112, 0.9x Savage.
Plymouth, MN has a cost of living index of 124, 1.0x Savage.
Lakeville, MN has a cost of living index of 122, 1.0x Savage.
| City | Population | Cost Of Living | Vs. Savage |
|---|---|---|---|
| Bloomington, MN | 88,665 | 112 | 0.9x |
| Plymouth, MN | 79,220 | 124 | 1.0x |
| Lakeville, MN | 74,354 | 122 | 1.0x |
| Eagan, MN | 68,000 | 117 | 1.0x |
| Burnsville, MN | 64,463 | 114 | 0.9x |
| Eden Prairie, MN | 63,051 | 128 | 1.1x |
| Apple Valley, MN | 55,679 | 114 | 0.9x |
| Edina, MN | 53,262 | 141 | 1.2x |
| Minnetonka, MN | 53,064 | 127 | 1.0x |
| Shakopee, MN | 46,012 | 114 | 0.9x |
