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MINNETONKA vs. ELK RIVER
Cost of Living Comparison

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Cost of Living Calculator - Minnetonka, Minnesota vs Elk River, Minnesota

The cost of living in Elk River, Minnesota is 7.9% cheaper than Minnetonka, Minnesota.

You would need a salary of $69,045 in Elk River, Minnesota to maintain the standard of living you have in Minnetonka, Minnesota.

Comparison highlights

• Overall, Elk River, Minnesota is cheaper than Minnetonka, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
12% cheaper in Elk River
than in Minnetonka, Minnesota

Minnetonka, MN vs Elk River, MN

Compared to Minnetonka, Elk River is:

Homeowner

No Child Care, Taxes not Considered

7.9% 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

2.9% lower

Housing (Homeowner)

23.7% lower

Housing (Rent)

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Median Home Cost

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Utilities

3.0% higher

Commute

12.9% higher

Health

0.7% lower

Taxes

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Childcare

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Personal

2.6% lower

Cost of Food

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