Ramsey, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Ramsey, MN Summary

Cost of living in Ramsey 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 Ramsey 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 Ramsey is 109, with 100 being the average.

  • The cost of living index in Ramsey is 1.1x higher than the national average.

  • Ramsey ranks as the #98 cheapest in Minnesota out of 147.

  • Ramsey ranks as the #4,038 cheapest out of 6,412 in the US.

  • The median home value in Ramsey is $281,800.

  • The median income in Ramsey is $101,996.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
109
Ramsey's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Ramsey, MN?

According to the most recent data on the cost of living, Ramsey has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.

Compared to Minnesota, Ramsey has a cost of living index that's 1.1x higher than Minnesota's index of 95.

The standard of living in Ramsey ranks as #98 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Ramsey ranks as the #49 most expensive place in the North Star State.

For more reading on life in Ramsey, check out:

98 out of 147
In Minnesota
4,038 out of 6,412
In America

Ramsey Cost Of Living Vs. Minnesota

Six factors go into calculating the cost of living index in Ramsey. Here is how it fairs on each of the criteria:

  • The Services index in Ramsey is 109.

  • The Groceries index in Ramsey is 102.

  • The Health index in Ramsey is 103.

  • The Housing index in Ramsey is 121.

  • The Transportation index in Ramsey is 102.

  • The Utilities index in Ramsey is 98.

Living Expense Ramsey Minnesota National Average
Overall 109 95 100
Services 109 101 100
Groceries 102 98 100
Health 103 111 100
Housing 121 83 100
Transportation 102 98 100
Utilities 98 95 100
For more reading on cost of living around Minnesota, check out:
Ramsey Cost of Living Vs. MN

Ramsey, 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 Ramsey is $281,800.

  • The Median Rent in Ramsey is $1,635.

  • The Median Income in Ramsey is $101,996.

  • The Home Value To Income in Ramsey is 2.8x.

  • The Rent To Monthly Income in Ramsey is 0.19x.

Statistic Ramsey Minnesota United States
Median Home Value $281,800 $250,200 $244,900
Median Rent $1,635 $1,081 $1,163
Median Income $101,996 $77,706 $69,021
Home Value To Income 2.8x 3.2x 3.5x
Rent To Monthly Income 0.19x 0.17x 0.2x
Search Homes For Sale In Ramsey, MN
$281,800
Median Home Value
$1,635
Median Rent
$101,996
Median Income

Ramsey, MN Costs By Category

Detailed Ramsey Services Costs Vs. Minnesota

Item Ramsey Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05

Detailed Ramsey Groceries Costs Vs. Minnesota

Item Ramsey Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Toothpaste $3.36 $2.34

Detailed Ramsey Health Costs Vs. Minnesota

Item Ramsey Minnesota
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Ramsey Transportation Costs Vs. Minnesota

Item Ramsey Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07

Detailed Ramsey Utilities Costs Vs. Minnesota

Item Ramsey Minnesota
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Ramsey SnackAbility

9
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
8
Diversity
6
Safety
8.5
Amenities
8
Education
8.5
Commute
5

Cost Of Living In Cities Around Ramsey

The cost of living varies in the cities and towns around Ramsey. Here's a quick look at the cost of living in the most populous nearby places:

  • Plymouth, MN has a cost of living index of 122, 1.1x Ramsey.

  • Maple Grove, MN has a cost of living index of 117, 1.1x Ramsey.

  • Coon Rapids, MN has a cost of living index of 102, 0.9x Ramsey.

City Population Cost Of Living Vs. Ramsey
Plymouth, MN 80,034 122 1.1x
Maple Grove, MN 69,900 117 1.1x
Coon Rapids, MN 63,269 102 0.9x
Andover, MN 32,471 114 1.0x
Shoreview, MN 26,871 110 1.0x
Elk River, MN 25,467 106 1.0x
Champlin, MN 23,877 110 1.0x
Golden Valley, MN 22,247 116 1.1x
Lino Lakes, MN 21,180 114 1.0x
Otsego, MN 19,565 107 1.0x

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