Park Rapids, MN, boasts a cost of living index that is generally lower than the nationwide average, which is set at 100. Specifically, housing costs in Park Rapids are at 88, reflecting an 12% decrease from the national average. When looking at groceries, Park Rapids residents enjoy a slight 2% increase with an index of 92. Despite these variations, the overall cost of living in Park Rapids remains competitive, making it an attractive option for many.
Park Rapids, MN, has a cost of living index that offers valuable insights for job seekers considering a move. When compared to the nationwide average, which stands at 100, Park Rapids presents a more affordable living situation. The housing index in Park Rapids is 88, meaning that housing costs are 12% lower than the national average. This can be particularly appealing for those seeking a more budget-friendly housing option.
In addition to housing, the cost of other essentials also remains relatively low in Park Rapids. For groceries, the index is 92, showing that food costs are only 8% lower than the national average. Utilities, however, are slightly higher, with an index of 95, making them 5% above the average. Transportation costs are notably lower, with an index of 85, indicating a 15% savings compared to the national average. Healthcare costs have an index of 90, meaning they are only 10% lower than the national average, providing a reasonable option for those concerned about medical expenses. Miscellaneous costs, with an index of 87, are 13% lower than the average, offering additional savings for everyday items. Overall, Park Rapids provides a more affordable living environment in several key areas.
