Cost of Living: Inver Grove Heights, MN vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Inver Grove Heights, MN versus $4,370/mo in Phoenix, AZ. In the model, rent is about 21.09% of gross in Inver Grove Heights, MN versus 21.24% in Phoenix, AZ, so Inver Grove Heights, MN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Inver Grove Heights, MN and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Inver Grove Heights, MN
- Lower rent (median 1BR/2BR): Inver Grove Heights, MN
- Lower home prices: Inver Grove Heights, MN
- Higher median household income: Inver Grove Heights, MN
Cost of Living Index
Inver Grove Heights, MN: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Inver Grove Heights, MN has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Inver Grove Heights, MN: $1,375/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $10/mo higher than in Inver Grove Heights, MN.
Median Home Price
Inver Grove Heights, MN: $352,300 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $29,600 higher than in Inver Grove Heights, MN.
Median Household Income
Inver Grove Heights, MN: $104,055 · Phoenix, AZ: $77,041
Inver Grove Heights, MN has a higher median household income than Phoenix, AZ by $27,014.
Inver Grove Heights, MN overview · Phoenix, AZ overview · Popular comparisons