Excelsior, MN vs Terrace Park, OH: Cost of Living

Which city costs less?

Terrace Park, OH has a modeled overall cost index 16.9% lower than Excelsior, MN.

Excelsior, MN · modeled 2BR rent: $1,520 / month
Terrace Park, OH · modeled 2BR rent: $2,030 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓

Tap to swap

Cost of Living Comparison 2026

Compare Excelsior, MN and Terrace Park, OH using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Excelsior, MN

Numbers update automatically as you type

Estimated savings: $1,205/month in Terrace Park, OH

$150,000 in your current city has a modeled equivalent of $135,535 in Terrace Park, OH

Regional cost estimates: Excelsior, MN uses Minneapolis, MN. Terrace Park, OH uses Cincinnati, OH. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 16.9%

Less expensive

Monthly Impact

$1,205

Savings

Annual Impact

$14.5K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Excelsior, MN

Population:2K

Cost Index:

95.7

100 = national average

Typical Home:$784K

Terrace Park, OH

Population:2K

Cost Index:

79.5

100 = national average

Typical Home:$727K

Planning the move to Terrace Park?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

Excelsior, MN

The North Star State

Population

State Tax

Yes

Located in Minnesota, this city has a population of 2K residents.

Terrace Park, OH

The Buckeye State

Population

State Tax

Yes

Located in Ohio, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: Excelsior, MN vs Terrace Park, OH

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Excelsior, MN	Terrace Park, OH	Difference	Change
Housing	$2,334/mo	$1,744/mo	↓ $590less	25.3%
Healthcare	$742/mo	$556/mo	↓ $186less	25.1%
Other	$1,640/mo	$1,498/mo	↓ $142less	8.7%
Transportation	$1,275/mo	$1,133/mo	↓ $142less	11.1%
Groceries	$1,010/mo	$906/mo	↓ $104less	10.3%
All Utilities	$499/mo	$458/mo	↓ $40.96less	8.2%

Housing

↓ 25.3%

Excelsior, MN

$2,334

Terrace Park, OH

$1,744

Difference

$590

less

Healthcare

↓ 25.1%

Excelsior, MN

$742

Terrace Park, OH

$556

Difference

$186

less

Other

↓ 8.7%

Excelsior, MN

$1,640

Terrace Park, OH

$1,498

Difference

$142

less

Transportation

↓ 11.1%

Excelsior, MN

$1,275

Terrace Park, OH

$1,133

Difference

$142

less

Groceries

↓ 10.3%

Excelsior, MN

$1,010

Terrace Park, OH

$906

Difference

$104

less

All Utilities

↓ 8.2%

Excelsior, MN

$499

Terrace Park, OH

$458

Difference

$40.96

less

🏠Rent Comparison

Studio

From$1,100

To$1,440

↑ $340

1 Bed

From$1,250

To$1,580

↑ $330

2 Bed

From$1,520

To$2,030

↑ $510

3 Bed

From$2,020

To$2,680

↑ $660

Excelsior, MNZIP-level data

1BR range: $1,250–$1,250/mo

Terrace Park, OHZIP-level data

1BR range: $1,580–$1,580/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Excelsior, MN

$6,295

Monthly in Terrace Park, OH

$1,205

Difference

Home Values

Excelsior

Terrace Park

$784K

Median Value

$727K

↑ +2.1%

YoY Change

↑ +4.4%

↑ +26.7%

5-Year Change

↑ +38.6%

Homes in Terrace Park are 7% less expensive than Excelsior

Calculate payment - Excelsior Calculate payment - Terrace Park

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $6.0K

Per year

Monthly Difference

$500

More take-home

Effective Rate Diff

4.0%

Rate difference

Excelsior, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Terrace Park, OH

Federal Income Tax

Effective: 18.9%

$25.5K

Ohio State Tax

Effective: 3.0%

$4.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.6%

$41.4K

Take-Home Pay

$9,047/month

$108.6K

Additional Tax Information

Excelsior, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Terrace Park, OH Tax Rates

Sales Tax:7.2%

Property Tax:1.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Excelsior

Terrace Park

42 Good

Air Quality

52 Moderate

66.4%

Good Air Days

44.8%

98 High

Climate Risk

96 High

🌊🌡🌪

Top Hazards

🌊🌡🌪

▲+3.6°F

2050 Outlook

▲+3.1°F

14 days

Heat Days >95°F

29 days

▲+3.6°F

2050 Outlook

▲+3.1°F

14 days

Heat Days >95°F

29 days

Before moving from Excelsior, MN to Terrace Park, OH

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Terrace Park, OH for the same bedroom count and included utilities as your home in Excelsior, MN. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Excelsior to Terrace Park moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Terrace Park, OH by cost, housing, population and region.

Frequently Asked Questions: Excelsior, MN vs Terrace Park, OH

How do the cost estimates for Excelsior, MN and Terrace Park, OH compare?

Terrace Park, OH has a modeled overall cost index 16.9% lower than Excelsior, MN. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Excelsior, MN, the model estimates $135,535 in Terrace Park, OH. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Excelsior, MN and Terrace Park, OH?

The modeled two-bedroom rents are $1,520/month in Excelsior, MN and $2,030/month in Terrace Park, OH. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Minnesota and Ohio on TaxTakeHome.com