What is a pro or con of living in Lakeville, Minnesotacompared to Minneapolis, Minnesota?

Median Home Cost is 49% more expensive in Lakeville.

What salary do I need to live in Lakeville, Minnesota copmared to Minneapolis, Minnesota?

A salary of $250,000 in Minneapolis, Minnesota should increase to $269,286 in Lakeville, Minnesota (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

MINNEAPOLIS vs. LAKEVILLE
Cost of Living Comparison

Minneapolis, Minnesota vs. Lakeville, Minnesota

Cost of Living Comparison

The cost of living in Lakeville, Minnesota is 7.7% more expensive than Minneapolis, Minnesota.

You would need a salary of $269,286 in Lakeville, Minnesota to maintain the standard of living you have in Minneapolis, Minnesota.

Comparison highlights

• Overall, Lakeville, Minnesota is more expensive than Minneapolis, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
49% more expensive in Lakeville
than in Minneapolis, Minnesota

Minneapolis, MN vs. Lakeville, MN

Compared to Minneapolis, Lakeville is:

Homeowner

No Child Care, Taxes not Considered

7.7% higher

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% higher

Housing (Homeowner)

29.5% higher

Housing (Rent)

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Median Home Cost

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Utilities

3.1% lower

Commute

0.2% lower

Health

1.5% lower

Taxes

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Childcare

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Personal

0.5% lower

Cost of Food

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Minneapolis, Minnesota vs. Lakeville, Minnesota

Cost of Living Comparison

Comparison highlights

Minneapolis, MN vs. Lakeville, MN

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