St. Louis Park, MN Cost Of Living
Cost Of Living In St. Louis Park, MN Summary
Cost of living in St. Louis Park 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 St. Louis Park 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 St. Louis Park is 112, with 100 being the average.
The cost of living index in St. Louis Park is 1.1x higher than the national average.
St. Louis Park ranks as the #108 cheapest in Minnesota out of 148.
St. Louis Park ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in St. Louis Park is $373,781.
The median income in St. Louis Park is $100,250.
Table Of Contents
St. Louis Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in St. Louis Park, MN?
According to the most recent data on the cost of living, St. Louis Park has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Minnesota, St. Louis Park has a cost of living index that's 1.2x higher than Minnesota's index of 97.
The standard of living in St. Louis Park ranks as #108 most affordable out of the 148 places we measured in Minnesota. By definition, that implies St. Louis Park ranks as the #40 most expensive place in the North Star State.
For more reading on life in St. Louis Park, check out:
In Minnesota
In America
St. Louis Park Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in St. Louis Park. Here is how it fairs on each of the criteria:
The Services index in St. Louis Park is 96.
The Groceries index in St. Louis Park is 96.
The Health index in St. Louis Park is 100.
The Housing index in St. Louis Park is 151.
The Transportation index in St. Louis Park is 95.
The Utilities index in St. Louis Park is 94.
| Living Expense | St. Louis Park | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 96 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 100 | 110 | 100 | |
| Housing | 151 | 100 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 94 | 94 | 100 | |
St. Louis Park, 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 St. Louis Park is $373,781.
The Median Rent in St. Louis Park is $1,589.
The Median Income in St. Louis Park is $100,250.
The Home Value To Income in St. Louis Park is 3.7x.
The Rent To Monthly Income in St. Louis Park is 0.19x.
| Statistic | St. Louis Park | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $373,781 | $344,484 | $303,400 |
| Median Rent | $1,589 | $1,235 | $1,348 |
| Median Income | $100,250 | $87,556 | $78,538 |
| Home Value To Income | 3.7x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
St. Louis Park, MN Costs By Category
Detailed St. Louis Park Services Costs Vs. Minnesota
| Item | St. Louis Park | Minnesota |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $11.32 | $12.13 |
| Bowling | $25.68 | $18 |
| Haircut | $25.86 | $24.26 |
| Beauty Salon | $37.0 | $45.56 |
Detailed St. Louis Park Groceries Costs Vs. Minnesota
| Item | St. Louis Park | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $13.0 | $12.09 |
| Beer | $9.44 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed St. Louis Park Health Costs Vs. Minnesota
| Item | St. Louis Park | Minnesota |
|---|---|---|
| Optometrist | $112.72 | $125.68 |
| Doctor | $164.15 | $135.78 |
| Dentist | $95.01 | $113.29 |
Detailed St. Louis Park Transportation Costs Vs. Minnesota
| Item | St. Louis Park | Minnesota |
|---|---|---|
| Gasoline | $3.32 | $3.46 |
| Tire Balancing | $59.91 | $59.92 |
Detailed St. Louis Park Utilities Costs Vs. Minnesota
| Item | St. Louis Park | Minnesota |
|---|---|---|
| All Electricity | $180.11 | $193.99 |
| Phone | $187.59 | $192.25 |
St. Louis Park SnackAbility
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Cost Of Living In Cities Around St. Louis Park
The cost of living varies in the cities and towns around St. Louis Park. Here's a quick look at the cost of living in the most populous nearby places:
Minneapolis, MN has a cost of living index of 110, 1.0x St. Louis Park.
Plymouth, MN has a cost of living index of 124, 1.1x St. Louis Park.
Lakeville, MN has a cost of living index of 119, 1.1x St. Louis Park.
| City | Population | Cost Of Living | Vs. St. Louis Park |
|---|---|---|---|
| Minneapolis, MN | 426,845 | 110 | 1.0x |
| Plymouth, MN | 79,526 | 124 | 1.1x |
| Lakeville, MN | 72,480 | 119 | 1.1x |
| Maple Grove, MN | 70,539 | 118 | 1.1x |
| Eden Prairie, MN | 63,249 | 124 | 1.1x |
| Minnetonka, MN | 53,256 | 120 | 1.1x |
| Edina, MN | 53,125 | 139 | 1.2x |
| Richfield, MN | 36,725 | 104 | 0.9x |
| Shoreview, MN | 26,724 | 111 | 1.0x |
| Crystal, MN | 22,685 | 103 | 0.9x |
