Plymouth, MN Cost Of Living
Cost Of Living In Plymouth, MN Summary
Cost of living in Plymouth research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Plymouth is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Plymouth is 122, with 100 being the average.
The cost of living index in Plymouth is 1.2x higher than the national average.
Plymouth ranks as the #135 cheapest in Minnesota out of 147.
Plymouth ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Plymouth is $387,800.
The median income in Plymouth is $119,813.
Table Of Contents
Plymouth's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Plymouth, MN?
According to the most recent data on the cost of living, Plymouth has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Plymouth has a cost of living index that's 1.3x higher than Minnesota's index of 95.
The standard of living in Plymouth ranks as #135 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Plymouth ranks as the #12 most expensive place in the North Star State.
For more reading on life in Plymouth, check out:
- Living In Plymouth
- Plymouth Crime Report
- Search Homes For Sale In Plymouth, MN
In Minnesota
In America
Plymouth Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Plymouth. Here is how it fairs on each of the criteria:
The Services index in Plymouth is 111.
The Groceries index in Plymouth is 101.
The Health index in Plymouth is 103.
The Housing index in Plymouth is 154.
The Transportation index in Plymouth is 100.
The Utilities index in Plymouth is 96.
| Living Expense | Plymouth | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 122 | 95 | 100 | |
| Services | 111 | 101 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 154 | 83 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 96 | 95 | 100 | |
Plymouth, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Plymouth is $387,800.
The Median Rent in Plymouth is $1,473.
The Median Income in Plymouth is $119,813.
The Home Value To Income in Plymouth is 3.2x.
The Rent To Monthly Income in Plymouth is 0.15x.
| Statistic | Plymouth | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $387,800 | $250,200 | $244,900 |
| Median Rent | $1,473 | $1,081 | $1,163 |
| Median Income | $119,813 | $77,706 | $69,021 |
| Home Value To Income | 3.2x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Plymouth, MN Costs By Category
Detailed Plymouth Services Costs Vs. Minnesota
Detailed Plymouth Groceries Costs Vs. Minnesota
Detailed Plymouth Health Costs Vs. Minnesota
Detailed Plymouth Transportation Costs Vs. Minnesota
Detailed Plymouth Utilities Costs Vs. Minnesota
Plymouth SnackAbility
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Cost Of Living In Cities Around Plymouth
The cost of living varies in the cities and towns around Plymouth. Here's a quick look at the cost of living in the most populous nearby places:
Maple Grove, MN has a cost of living index of 117, 1.0x Plymouth.
Eden Prairie, MN has a cost of living index of 121, 1.0x Plymouth.
Minnetonka, MN has a cost of living index of 121, 1.0x Plymouth.
| City | Population | Cost Of Living | Vs. Plymouth |
|---|---|---|---|
| Maple Grove, MN | 69,900 | 117 | 1.0x |
| Eden Prairie, MN | 64,048 | 121 | 1.0x |
| Minnetonka, MN | 53,809 | 121 | 1.0x |
| Edina, MN | 53,059 | 135 | 1.1x |
| Shoreview, MN | 26,871 | 110 | 0.9x |
| Champlin, MN | 23,877 | 110 | 0.9x |
| Crystal, MN | 23,143 | 102 | 0.8x |
| Golden Valley, MN | 22,247 | 116 | 1.0x |
| New Hope, MN | 21,683 | 106 | 0.9x |
| Rogers, MN | 13,182 | 120 | 1.0x |
