Cost Of Living in Bovey, MN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bovey	Minnesota	National
Cost of living	92	99	100
Goods & Services	109	100	100
Groceries	97	98	100
Health care	124	109	100
Housing	64	100	100
Transportation	99	97	100
Utilities	93	93	100

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Cost Of Living Quick Facts

The cost of living in Bovey is 7% lower than the Minnesota average
The cost of living in Bovey is 8% lower than the national average
Bovey housing is 36% lower than the national average
Minnesota general sales tax is 35% higher than the national average
Minnesota state income tax is 106% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$63,333	$5,278	$1,478	$1,900
Renters	$24,917	$2,076	$581	$748

Minnesota Sales Tax

State	General Sales Tax	With Max Surtax
Minnesota	6.875%	7.875%

Minnesota Income Tax

State	Income Tax (Low)	Income Tax (High)
Minnesota	5.35%	9.85%

Goods & Services

Item	Bovey	National avg.	Difference
Haircut	$27.97	$24.26	15.3%
Beauty Salon	$37.17	$45.56	18.4%
Toothpaste	$3.62	$3.70	2.2%
Shampoo	$1.52	$1.28	18.6%
Movie	$11.24	$12.13	7.4%
Bowling	$26.39	$18.00	46.6%

Groceries

Item	Bovey	National avg.	Difference
Ground Beef	$5.75	$5.84	1.5%
Fried Chicken	$1.35	$1.57	13.9%
Milk	$4.58	$4.67	2.0%
Potatoes	$4.86	$4.93	1.4%
Pizza	$13.07	$12.09	8.2%
Beer	$9.52	$10.41	8.5%

Health Care

Item	Bovey	National avg.	Difference
Optometrist	$109.94	$125.68	12.5%
Doctor	$162.98	$135.78	20.0%
Dentist	$96.90	$113.29	14.5%
Ibuprofen	$10.88	$10.65	2.1%
Lipitor	$492.95	$468.60	5.2%

Housing

Item	Bovey	National avg.	Difference
Home Price	$103,300.00	$184,700.00	44.1%
Avg. Mortgage Payment	$1,954.72	$2,346.69	16.7%
Apartment Rent	$787.00	$949.00	17.1%

Transportation

Item	Bovey	National avg.	Difference
Gasoline	$3.31	$3.46	4.3%
Tire Balancing	$61.97	$59.92	3.4%

Utilities

Item	Bovey	National avg.	Difference
All Electricity	$175.69	$193.99	9.4%
Phone	$188.55	$192.25	1.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Marble, MN	534	87	13.1%
Calumet, MN	341	87	12.9%
Warba, MN	184	90	10.4%
Nashwauk, MN	1,104	90	9.6%
Taconite, MN	753	93	6.8%
Bovey, MN	726	92	8.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Johns CDP, AZ	726	95	5.2%
Salt Creek, CO	726	91	9.2%
Morning Sun, IA	726	85	14.7%
Dieterich, IL	726	92	8.3%
Holland, IN	726	85	15.1%
Bovey, MN	726	92	8.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Bovey, MN