The cost of living index in Prior Lake, MN, shows that housing costs are 10% higher than the nationwide average. This increase is due to the housing index being at 110 compared to the average of 100. Other categories like groceries and healthcare also slightly exceed the national average, while utilities and transportation remain close to it. This data suggests that while living in Prior Lake offers some cost advantages, housing and certain other expenses are notably higher.
The cost of living in Prior Lake, MN, shows some differences when compared to the nationwide average. Housing costs in Prior Lake are 10% higher than the national average, with an index of 110. This means that housing expenses, like rent or mortgage payments, are more expensive here. Groceries also cost a bit more, with an index of 105, which is 5% higher than the national average. This indicates that buying food and household items can be slightly more costly in Prior Lake.
Utilities in Prior Lake are slightly below the national average, with an index of 95, meaning they are 5% cheaper. Transportation costs are nearly on par with the national average, at 98, which is just 2% lower. Healthcare costs are also close to the average, with an index of 102, showing a 2% increase. Miscellaneous expenses match the national average at 100, indicating no change in cost. Overall, while some areas like housing and groceries are higher, others like utilities and transportation are lower or similar to the national average.
