How Do Central Minnesota Cities Rank When It Comes To Cost Of Living?

According to doxo, Minnesota is middle-of-the-pack when it comes to monthly bill expenses compared to the rest of the United States of America.

The website's study found that Minnesotans pay an average of $2,216 per month for the ten most common household bills. The ten bills included in the research included mortgage, rent, auto loans, utilities, automobile insurance, mobile phone, cable/internet, health insurance, life insurance and alarm/security.

The $2,216 price tag is slightly higher than the US average of $2,126 and ranks Minnesota #18 in the country by that metric. The doxo study found that Minnesotans spend 31% of their income on household builds.

Locally, St. Cloud residents pay an average of $2,098 per month (or $25,176 per year) on the ten most common household bills, which is slightly below the Minnesota and US average numbers.

St. Cloud's total ranks #47th-highest in the state of Minnesota

The average St. Cloud resident spends over 40% of their income on household bills.

According to doxo, the average monthly mortgage payment in St. Cloud is $1,314, while average rent is currently $949. The average St. Cloudian pays $493 per month in auto loans, $205 in utilities, $345 for health insurance, $332 for auto insurance, $73 for cable/internet, $73 for mobile phone service, $108 for alarm/home security and $211 per month for life insurance.

Sartell ranked as the 33rd most expensive city in Minnesota with an average monthly household cost of $2,286 per month, while Sauk Rapids ranked #52 at $2,031.

doxo:

doxoINSIGHTS is designed to provide the best possible look into the average American household’s monthly bills, and relies on anonymized data from its 10 Million customers paying more than 120,000 billers. doxo’s vast amount of data gives a uniquely accurate perspective into what households are actually paying for their bills, and provides a sound basis for constructing an accurate gauge of relative differences in the cost of the most common monthly bills across America.

 

doxo tracks payments to 45 different biller categories, and doxoINSIGHTS highlights the 10 most common: Utilities (water, electric, gas and waste), Cable & Phone, Mobile Phone, Auto Loans, Auto Insurance, Life Insurance, Health Insurance, Alarm & Security, Rent, and Mortgage. All data is anonymized and aggregated prior to analysis in order to protect doxo users’ privacy.