Lakeville, Minnesota vs. Elk River, Minnesota

Cost of Living Comparison

The cost of living in Elk River, Minnesota is 6.7% cheaper than Lakeville, Minnesota.

You would need a salary of $46,640 in Elk River, Minnesota to maintain the standard of living you have in Lakeville, Minnesota.
Comparison highlights
• Overall, Elk River, Minnesota is cheaper than Lakeville, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
17% cheaper in Elk River
than in Lakeville, Minnesota
Lakeville, MN vs. Elk River, MN
Compared to Lakeville, Elk River is:
  Homeowner
      No Child Care, Taxes not Considered
  6.7% 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
  2.2% lower
  Housing (Homeowner)
  26.0% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  3.7% higher
  Commute
  7.8% higher
  Health
  0.8% higher
  Taxes
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  Childcare
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  Personal
  1.5% lower
Cost of Food
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