Minneapolis is one of the perfect places where you can go for higher education. The average cost of living in Minneapolis is around $2140 which is in the top 13% of the most expensive cities throughout the globe. It is also one of the most liveable cities in Minnesota and many students across the world come here to chase their dreams. You can come across some of the best institutes where you can provide top-notch education. You will be glad to see how knowledgeable the faculty is. But as you are a student, you also need to consider the cost of living in a city. The cost of living calculator is the best to measure how much you need to spend a decent life.
What is encompassed in the cost of living
1. Accommodation: Student accommodation is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of the rent as well as of a home. The average monthly rent for student accommodation Minneapolis is around $ 1000. However, it changes depending on the preferred choices and budget.
2. Utilities: Both owning and renting come with utility expenses. These costs comprise the basic services that comprise energy and telecommunications. In Minneapolis, energy bills will cost you around $176 per month. However, you can go with accommodation which comes with an all-inclusive utility bill.
3. Food: Food is another essential requirement and the cost varies around the country. The section comprises the prices of everyday food which comprises meat, dairy, etc. A bottle of milk comprises of around $2.85 and a dozen eggs will cost around $2.51. while bread will cost you around $2.93, the potatoes will cost around $3.35.
4. Healthcare: Healthcare is another major cost that you must consider. It is best to have health insurance if you do not spend a lot of money. For example, a check-up at a dentist will cost around $90.
5. Transportation: It is always best to spend on the transportation costs. The expenses depend on different factors including fuel. A gallon of gas is priced around $3.77 in the city. You can go find student discounts on public transportation.
6. Goods and services: While you are in this city, you will find the cost of clothing that tells you how much more or less money you will need to buy basic items like shirts, jeans, and so on. A men’s shirt will cost you around $35.30 over here. The cost of entertainment as well as everyday services is completely based on common expenses in different categories. For a movie ticket, you need to budget around $11.02 a month. If you want to go for a haircut then you need around $25.
What is a cost of living calculator?
The cost of living calculator tells how much money you need to sustain your present standard of living in this new city. The cost of living comparison is entirely based on your income and the price of basic requirements. This will cover the cost of your student accommodation, transportation, food, stationery, and miscellaneous experiences in the city you select. Use the calculator to find out how much money you need to survive in a new city and how much more or less you will need to budget for your basic expenses.