North Branch, MN, has a lower cost of living compared to the nationwide average, offering residents some economic relief. With an overall cost of living index at 93, this city is 7% below the national benchmark of 100. In areas like housing and utilities, North Branch provides additional savings, scoring 89 and 90, respectively. While groceries, transportation, and healthcare costs are close to the national average, miscellaneous expenses also reflect this lower cost of living, at 90.
The cost of living in North Branch, MN, is noticeably lower than the nationwide average of 100. Housing costs, for instance, stand at 89. This means that residents pay 11% less for housing compared to the national average. This reduction can be a significant advantage for those looking to save on housing expenses. Additionally, groceries in North Branch cost 95, which is only 5% less than the average price nationwide. This slight decrease can help families manage their monthly budgets more effectively.
Utilities in North Branch are priced at 90, which is 10% below the national average. This reduction can lead to substantial savings on household bills. Transportation costs are also at 95, indicating a 5% savings for those commuting or running errands. Although healthcare costs in North Branch match the national average at 100, the overall lower expenses in housing, utilities, and transportation provide a balanced cost of living. These lower costs, combined with a similar healthcare price, make North Branch an attractive option for those seeking a more affordable lifestyle.
