The cost of living index in Ham Lake, MN, shows a slight variation compared to the nationwide average of 100. Housing costs are 3% higher, while groceries are 5% lower. Utilities and transportation are nearly on par with the average, at 2% and 8% lower, respectively. Healthcare costs match the national average, and miscellaneous expenses are 3% lower. Overall, Ham Lake offers a balanced cost of living with minor differences in specific categories.
The cost of living index in Ham Lake, MN, shows a slight variation from the nationwide average. Housing costs in Ham Lake stand at 103, which is 3% higher than the national average. This means that housing expenses, such as rent and mortgage payments, are moderately more expensive compared to the rest of the country. Groceries in Ham Lake are priced at 95, which is 5% below the national average. This indicates that residents can expect to spend less on food items than the average American.
Utilities in Ham Lake are at 98, which is 2% below the national average. This suggests that residents may find their utility bills slightly lower than those in other parts of the country. Transportation costs in Ham Lake are at 92, which is 8% lower than the national average. This could be beneficial for those who rely on personal vehicles for commuting. Healthcare costs in Ham Lake are equal to the national average at 100, meaning there is no significant difference in healthcare expenses. Miscellaneous costs in Ham Lake are at 97, which is 3% lower than the national average. Overall, Ham Lake offers a relatively affordable living environment with some areas showing cost savings compared to the nationwide average.
