Cost Of Living in St. James, 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	St. James	Minnesota	National
Cost of living	83	99	100
Goods & Services	98	100	100
Groceries	99	98	100
Health care	111	109	100
Housing	51	100	100
Transportation	95	97	100
Utilities	92	93	100

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Cost Of Living Quick Facts

The cost of living in St. James is 16% lower than the Minnesota average
The cost of living in St. James is 17% lower than the national average
St. James housing is 49% 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	$57,612	$4,801	$1,344	$1,729
Renters	$26,477	$2,206	$618	$794

The affordability of the housing market in St. James, MN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among St. James homeowners, the median income is $57,612. This indicates that a monthly maximum of $1,344 should be spent by homeowners on all housing related costs. Renters have a median income of $26,477. This indicates that renters would have a maximum of $618 for their rent related monthly 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	St. James	National avg.	Difference
Haircut	$25.06	$24.26	3.3%
Beauty Salon	$40.42	$45.56	11.3%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.45	$1.28	13.5%
Movie	$10.06	$12.13	17.1%
Bowling	$15.00	$18.00	16.7%

Groceries

Item	St. James	National avg.	Difference
Ground Beef	$5.78	$5.84	1.1%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.58	$4.67	1.9%
Potatoes	$4.68	$4.93	5.2%
Pizza	$12.97	$12.09	7.3%
Beer	$9.18	$10.41	11.8%

Health Care

Item	St. James	National avg.	Difference
Optometrist	$144.10	$125.68	14.7%
Doctor	$181.22	$135.78	33.5%
Dentist	$110.22	$113.29	2.7%
Ibuprofen	$11.40	$10.65	7.0%
Lipitor	$486.32	$468.60	3.8%

Housing

Item	St. James	National avg.	Difference
Home Price	$81,400.00	$184,700.00	55.9%
Avg. Mortgage Payment	$1,813.63	$2,346.69	22.7%
Apartment Rent	$625.00	$949.00	34.1%

Transportation

Item	St. James	National avg.	Difference
Gasoline	$3.31	$3.46	4.2%
Tire Balancing	$54.83	$59.92	8.5%

Utilities

Item	St. James	National avg.	Difference
All Electricity	$169.27	$193.99	12.7%
Phone	$191.10	$192.25	0.6%

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.
Odin, MN	132	76	24.0%
Ormsby, MN	106	77	23.5%
Darfur, MN	70	77	23.1%
Lewisville, MN	333	78	22.0%
La Salle, MN	76	79	21.5%
St. James, MN	4,414	83	16.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Georgetown, OH	4,414	88	12.2%
West Jefferson, OH	4,413	90	10.1%
Northfield, VT	4,413	102	2.4%
Wainwright No. 61, AB	4,413	n/a
Ashdown, AR	4,415	82	18.3%
St. James, MN	4,414	83	16.5%

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 St. James, MN