The cost of living index in Two Harbors, MN, shows a varied picture compared to the nationwide average of 100. Housing costs in Two Harbors stand at 75, which is 25% lower than the national average. This suggests that housing expenses are notably cheaper in Two Harbors.
Other categories also reflect a mix of lower and slightly higher costs. Groceries, utilities, healthcare, and miscellaneous costs are all within a few percentage points of the national average. Transportation costs are slightly higher, at 98, which is 2% above the national average. Overall, Two Harbors offers a more affordable living experience, particularly in housing.
The cost of living in Two Harbors, Minnesota, presents a mix of affordability and slight increases in certain areas when compared to the nationwide average. Housing, for instance, is notably more affordable, with an index of 75. This means that housing costs in Two Harbors are 25% lower than the national average. For job seekers, this could translate into more disposable income for other necessities or savings.
In contrast, some areas show a higher cost of living. Transportation costs in Two Harbors are 98, which is 2% higher than the national average. Similarly, healthcare costs stand at 95, indicating a 5% increase. While groceries, utilities, and miscellaneous costs are slightly below the national average, they are not as significantly lower as housing. Groceries have an index of 90, utilities are at 85, and miscellaneous costs are 88. These figures suggest that while Two Harbors offers savings in housing, job seekers should consider the higher costs in transportation and healthcare when planning their budget.
