The cost of living index in Thief River Falls, MN, reveals a lower cost compared to the nationwide average, which is set at 100. Specifically, the housing index stands at 84, indicating that housing costs in Thief River Falls are about 16% less expensive than the national average. Additionally, the groceries index at 95 shows a 5% increase in cost relative to the average, while other areas like utilities, transportation, healthcare, and miscellaneous costs hover slightly below or near the national average, making the overall cost of living in Thief River Falls favorable for prospective residents.
The cost of living index in Thief River Falls, MN, paints a clear picture for professional job seekers considering a move to this area. When compared to the nationwide average of 100, this city shows a relatively affordable housing market, with the index standing at 84. This means housing costs in Thief River Falls are 16% lower than the average in the rest of the country.
For other daily expenses, the numbers vary slightly. Groceries come in at 95 on the index, meaning they are 5% cheaper than the national average. Utilities, at 90, are also slightly below average by 10%. Transportation costs are close to the national average, with an index of 92, reflecting a mere 8% difference. Healthcare costs remain in line with the national average, sitting comfortably at 100. Lastly, miscellaneous expenses are also slightly lower, at 87 on the index, which equates to a 13% savings compared to the national average. Overall, Thief River Falls offers a mix of affordable living options that could appeal to budget-conscious professionals.
