Ham Lake, MN offers a favorable cost of living compared to the nationwide average. The overall cost of living index for Ham Lake is 98, which is just 2% below the average of 100. Housing costs in Ham Lake are notably lower at 95, while utilities slightly exceed the national average at 102.
Groceries and miscellaneous costs are close to the national average, with indices at 98 and 99, respectively. Transportation costs are also slightly lower, at 97, while healthcare costs mirror the national average at 100. This balanced distribution makes Ham Lake an attractive option for those seeking a moderate living expense.
Ham Lake, MN, offers a favorable cost of living compared to the nationwide average, which is set at 100. The housing index in Ham Lake stands at 95, indicating that residents can expect to pay about 5% less for housing compared to the national average. This lower housing cost can provide significant savings, making it easier for families and individuals to manage their budgets.
In addition to housing, Ham Lake also provides benefits in other areas. Groceries in Ham Lake have an index of 98, meaning residents spend 2% less on food than the national average. Utilities are slightly above average at 102, indicating a small increase of 2%. Transportation, with an index of 97, is nearly on par with the national average, suggesting minimal extra cost for commuting. Healthcare costs are exactly at the national average, offering no advantage or disadvantage there. Miscellaneous costs are also close to the national average at 99, indicating a mere 1% decrease. Overall, these figures present Ham Lake as a cost-effective location for potential residents.
