St. Louis Park, MN Cost of Living


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St. Louis Park cost of living score
107.2
More expensive
7.2% higher
than the US average
10.3% higher
than the Minnesota average
St. Louis Park, Minnesota gets a BestPlaces Cost of Living score of 107.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.2% higher than the U.S. average and 10.3% higher than the average for Minnesota.

St. Louis Park, MN

Housing costs in St. Louis Park?
A typical home costs $355,700, which is 5.2% more expensive than the national average of $338,100 and 14.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in St. Louis Park costs $1,660 per month, which is 16.1% more than the national average of $1,430 and 25.3% more than the state average of $1,240.

Can I afford St. Louis Park?
To live comfortably in St. Louis Park, Minnesota, a minimum annual income of $68,040 for a family, and $54,000 for a single person is recommended.

What does A.I. say about St. Louis Park?
St. Louis Park, MN has an overall above average cost of living due primarily to high real estate values and tax rates when compared other places in the state while utility costs tend to be quite consistent across Minnesota making it a viable though still expensive option all at once.
   Cost of living score
     CategoriesSt. Louis ParkMinnesotaUnited States
  107.297.2100.0
  102.997.2100
  75.878.3100.0
  123.6102.9100.0
  $355,700$309,500$338,100
  98.1%95.7%100.0%
  102.696.4100.0
  144.9117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for St. Louis Park
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Do your research before considering a move here. Make sure the politics and demographics are what you seek. This burb has changed dramatically in the past 10 years and  More

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Over 17 years ago

Due to the incredible amount of Fortune 500 companies in the Twin Cities, the housing market is amazingly stable. St Louis Park is a youthful suburb great for young  More

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I was born and raised in St. Louis Park, and I now live in Southeast Minneapolis, as I am a college student at the University of Minnesota. After leaving "the Park", I  More

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