Cost of Living: Elk River, MN vs Bloomington, MN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Elk River, MN versus $4,119/mo in Bloomington, MN. In the model, rent is about 18.5% of gross in Elk River, MN versus 22.23% in Bloomington, MN, so Elk River, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Elk River, MN and Bloomington, MN.
At a glance
- Cheaper overall (lower cost-of-living index): Bloomington, MN
- Lower rent (median 1BR/2BR): Elk River, MN
- Lower home prices: Elk River, MN
- Higher median household income: Elk River, MN
Cost of Living Index
Elk River, MN: 100 (U.S. = 100) · Bloomington, MN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Elk River, MN: $1,206/mo (midpoint of 1BR/2BR) · Bloomington, MN: $1,450/mo
Median rent in Bloomington, MN is $244/mo higher than in Elk River, MN.
Median Home Price
Elk River, MN: $338,300 · Bloomington, MN: $346,200
Median home price in Bloomington, MN is $7,900 higher than in Elk River, MN.
Median Household Income
Elk River, MN: $99,457 · Bloomington, MN: $90,677
Elk River, MN has a higher median household income than Bloomington, MN by $8,780.
Elk River, MN overview · Bloomington, MN overview · Popular comparisons