B
3%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
19%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Grand Rapids Minnesota National
Cost of living9799100
Goods & Services109100100
Groceries9798100
Health care124109100
Housing81100100
Transportation9997100
Utilities9393100

An Overview of Cost of Living in Grand Rapids, MN

Are you thinking about relocating, but curious about the potential cost of living in Grand Rapids? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Grand Rapids stands at 97, making it 3% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Grand Rapids are priced in a manner consistent with other areas. This means that residents of Grand Rapids can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Grand Rapids Affordable?

Is Grand Rapids affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Grand Rapids, the median home price is 17.1% lower than the national average and monthly rent prices are 23.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Grand Rapids boasting a median household income of $48,247, 12.8% lower than the national average.

What Factors can Influence the Cost of Living in Grand Rapids?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Grand Rapids, the general sales tax rate starts at 6.875%, and income tax rates begin at 5.35%.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Grand Rapids, healthcare costs are 24.3% higher than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Grand Rapids, the groceries index is 2.9% lower than the national average.

Where is the Data From?

The cost of living in Grand Rapids, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Grand Rapids is 2% lower than the Minnesota average
  • The cost of living in Grand Rapids is 3% lower than the national average
  • Grand Rapids housing is 19% 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

Most Affordable Places to Live in and Around Grand Rapids

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Compare Grand Rapids, MN Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$63,097$5,258$1,472$1,893
      Renters$19,882$1,657$464$597
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grand Rapids, MN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grand Rapids homeowners, is $63,097. This would allow for a maximum of $1,472 per month to be spent on housing costs. For renters, the median monthly income is $19,882 which would result in a maximum of $464 to be spent on rental costs.

      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 Grand Rapids National avg. Difference
      Haircut $27.97$24.2615.3%
      Beauty Salon $37.17$45.5618.4%
      Toothpaste $3.62$3.702.2%
      Shampoo $1.52$1.2818.6%
      Movie $11.24$12.137.4%
      Bowling $26.39$18.0046.6%

      Groceries

      Item Grand Rapids National avg. Difference
      Ground Beef $5.75$5.841.5%
      Fried Chicken $1.35$1.5713.9%
      Milk $4.58$4.672.0%
      Potatoes $4.86$4.931.4%
      Pizza $13.07$12.098.2%
      Beer $9.52$10.418.5%

      Health Care

      Item Grand Rapids National avg. Difference
      Optometrist $109.94$125.6812.5%
      Doctor $162.98$135.7820.0%
      Dentist $96.90$113.2914.5%
      Ibuprofen $10.88$10.652.1%
      Lipitor $492.95$468.605.2%

      Housing

      Item Grand Rapids National avg. Difference
      Home Price $153,200.00$184,700.0017.1%
      Avg. Mortgage Payment $1,954.72$2,346.6916.7%
      Apartment Rent $725.00$949.0023.6%

      Transportation

      Item Grand Rapids National avg. Difference
      Gasoline $3.31$3.464.3%
      Tire Balancing $61.97$59.923.4%

      Utilities

      Item Grand Rapids National avg. Difference
      All Electricity $175.69$193.999.4%
      Phone $188.55$192.251.9%
      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.
      Zemple, MN1217921.2%
      Marble, MN5348713.1%
      Calumet, MN3418712.9%
      Deer River, MN8498910.8%
      Warba, MN1849010.4%
      Grand Rapids, MN11,218972.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Greensburg, IN11,2218910.6%
      Robstown, TX11,2148218.2%
      Forestville, MD11,22412221.5%
      Snyder, TX11,2118416.4%
      Ridgefield, NJ11,20915352.5%
      Grand Rapids, MN11,218972.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.