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CARMEL vs. FOREST LAKE
Cost of Living Comparison

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Cost of Living Calculator - Carmel, Indiana vs Forest Lake, Minnesota

The cost of living in Forest Lake, Minnesota is 5.0% cheaper than Carmel, Indiana.

You would need a salary of $144,433 in Forest Lake, Minnesota to maintain the standard of living you have in Carmel, Indiana.

Comparison highlights

• Overall, Forest Lake, Minnesota is cheaper than Carmel, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
22% cheaper in Forest Lake
than in Carmel, Indiana

Carmel, IN vs Forest Lake, MN

Compared to Carmel, Forest Lake is:

Homeowner

No Child Care, Taxes not Considered

5.0% lower

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

0.9% higher

Housing (Homeowner)

20.8% lower

Housing (Rent)

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Median Home Cost

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Utilities

12.2% higher

Commute

24.6% higher

Health

25.4% lower

Taxes

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Childcare

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Personal

1.1% lower

Cost of Food

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