Cost of living in Stillwater 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 Stillwater 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 Stillwater is 113, with 100 being the average.
The cost of living index in Stillwater is 1.1x higher than the national average.
Stillwater ranks as the #117 cheapest in Minnesota out of 147.
Stillwater ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Stillwater is $325,400.
The median income in Stillwater is $98,033.
According to the most recent data on the cost of living, Stillwater has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Stillwater has a cost of living index that's 1.2x higher than Minnesota's index of 95.
The standard of living in Stillwater ranks as #117 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Stillwater ranks as the #30 most expensive place in the North Star State.
For more reading on life in Stillwater, check out:
Six factors go into calculating the cost of living index in Stillwater. Here is how it fairs on each of the criteria:
The Services index in Stillwater is 112.
The Groceries index in Stillwater is 103.
The Health index in Stillwater is 101.
The Housing index in Stillwater is 126.
The Transportation index in Stillwater is 101.
The Utilities index in Stillwater is 94.
|Living Expense||Stillwater||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 Stillwater is $325,400.
The Median Rent in Stillwater is $1,261.
The Median Income in Stillwater is $98,033.
The Home Value To Income in Stillwater is 3.3x.
The Rent To Monthly Income in Stillwater is 0.15x.
|Median Home Value||$325,400||$250,200||$244,900|
|Home Value To Income||3.3x||3.2x||3.5x|
|Rent To Monthly Income||0.15x||0.17x||0.2x|
The cost of living varies in the cities and towns around Stillwater. 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 Stillwater.
Cottage Grove, MN has a cost of living index of 111, 1.0x Stillwater.
Roseville, MN has a cost of living index of 107, 0.9x Stillwater.
|City||Population||Cost Of Living||Vs. Stillwater|
|Cottage Grove, MN||38,582||111||1.0x|
|Lino Lakes, MN||21,180||114||1.0x|
|Mendota Heights, MN||11,681||125||1.1x|
|Lake Elmo, MN||11,237||125||1.1x|
|Arden Hills, MN||9,868||120||1.1x|