Lake Elmo, Minnesota vs. Minneapolis, Minnesota

Cost of Living Comparison

The cost of living in Minneapolis, Minnesota is 17.2% cheaper than Lake Elmo, Minnesota.

You would need a salary of $60,450 in Minneapolis, Minnesota to maintain the standard of living you have in Lake Elmo, Minnesota.
Comparison highlights
• Overall, Minneapolis, Minnesota is cheaper than Lake Elmo, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
52% cheaper in Minneapolis
than in Lake Elmo, Minnesota
Lake Elmo, MN vs. Minneapolis, MN
Compared to Lake Elmo, Minneapolis is:
  Homeowner
      No Child Care, Taxes not Considered
  17.2% 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
  5.2% lower
  Housing (Homeowner)
  42.7% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  1.3% higher
  Commute
  1.3% higher
  Health
  2.2% higher
  Taxes
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  Childcare
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  Personal
  1.5% lower
Cost of Food
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