Cost of living in Woodbury 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 Woodbury 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 Woodbury is 122, with 100 being the average.
The cost of living index in Woodbury is 1.2x higher than the national average.
Woodbury ranks as the #135 cheapest in Minnesota out of 147.
Woodbury ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Woodbury is $355,200.
The median income in Woodbury is $114,252.
According to the most recent data on the cost of living, Woodbury has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Woodbury has a cost of living index that's 1.3x higher than Minnesota's index of 95.
The standard of living in Woodbury ranks as #135 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Woodbury ranks as the #12 most expensive place in the North Star State.
For more reading on life in Woodbury, check out:
Six factors go into calculating the cost of living index in Woodbury. Here is how it fairs on each of the criteria:
The Services index in Woodbury is 114.
The Groceries index in Woodbury is 102.
The Health index in Woodbury is 103.
The Housing index in Woodbury is 150.
The Transportation index in Woodbury is 103.
The Utilities index in Woodbury is 97.
|Living Expense||Woodbury||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 Woodbury is $355,200.
The Median Rent in Woodbury is $1,687.
The Median Income in Woodbury is $114,252.
The Home Value To Income in Woodbury is 3.1x.
The Rent To Monthly Income in Woodbury is 0.18x.
|Median Home Value||$355,200||$250,200||$244,900|
|Home Value To Income||3.1x||3.2x||3.5x|
|Rent To Monthly Income||0.18x||0.17x||0.2x|
The cost of living varies in the cities and towns around Woodbury. Here's a quick look at the cost of living in the most populous nearby places:
Eagan, MN has a cost of living index of 112, 0.9x Woodbury.
Apple Valley, MN has a cost of living index of 112, 0.9x Woodbury.
Cottage Grove, MN has a cost of living index of 111, 0.9x Woodbury.
|City||Population||Cost Of Living||Vs. Woodbury|
|Apple Valley, MN||55,237||112||0.9x|
|Cottage Grove, MN||38,582||111||0.9x|
|South St. Paul, MN||20,637||100||0.8x|
|Mendota Heights, MN||11,681||125||1.0x|
|Lake Elmo, MN||11,237||125||1.0x|