The cost of living in Ham Lake, MN, is slightly below the nationwide average. The overall index stands at 96, reflecting a 4% decrease from the national average of 100. This modest reduction indicates that residents of Ham Lake can expect to spend less on most living expenses compared to the average American.
Specifically, housing costs are 2% below the national average, while groceries and transportation each show a 5% decrease. Healthcare costs are also slightly lower, at 3% below the national average. Utilities remain on par with the national average, and miscellaneous expenses are just 1% below the national average. This data suggests that Ham Lake offers a more affordable living environment in several key areas.
The cost of living index in Ham Lake, MN, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Ham Lake are slightly below the national average, with an index of 98. This means that housing expenses in Ham Lake are about 2% less than the average cost across the country. For those considering a move, this could translate into more affordable living arrangements.
Other areas also reflect a similar trend. Groceries in Ham Lake have a cost of living index of 95, which is 5% lower than the national average. Transportation costs are also slightly lower, with an index of 95, indicating a 5% reduction. Healthcare costs are close to the national average, with an index of 97, meaning they are about 3% lower. Miscellaneous expenses, with an index of 96, are also 4% below the national average. Overall, these figures suggest that living in Ham Lake can be more affordable than the national average in several key areas.
