Big Lake, MN Cost of Living


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Big Lake cost of living score
105.7
More expensive
5.7% higher
than the US average
8.7% higher
than the Minnesota average
Big Lake, Minnesota gets a BestPlaces Cost of Living score of 105.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.7% higher than the U.S. average and 8.7% higher than the average for Minnesota.

Big Lake, MN

Housing costs in Big Lake?
A typical home costs $324,800, which is 3.9% less expensive than the national average of $338,100 and 4.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Big Lake costs $1,280 per month, which is 10.5% cheaper than the national average of $1,430 and 3.1% more than the state average of $1,240.

Can I afford Big Lake?
To live comfortably in Big Lake, Minnesota, a minimum annual income of $62,280 for a family, and $41,600 for a single person is recommended.

What does A.I. say about Big Lake?
The cost of living in Big Lake, MN is relatively low compared to other cities in the region. The median home price for a three-bedroom house is around $170,000, which is well below the national average. There is a variety of housing options available for those looking to buy or rent in Big Lake, from single-family homes to condos and townhomes. Furthermore, groceries and utilities are also quite affordable. Overall, Big Lake offers a great quality of life at an affordable cost.
   Cost of living score
     CategoriesBig LakeMinnesotaUnited States
  105.797.2100.0
  100.397.2100
  75.378.3100.0
  105.3102.9100.0
  $324,800$309,500$338,100
  100.2%95.7%100.0%
  121.196.4100.0
  110.3117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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