Housing costs in Minneapolis-St. Paul-Bloomington?
A typical home costs
$343,100, which is 1.5% more expensive than the national average of
$338,100 and 10.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minneapolis-St. Paul-Bloomington costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 11.4% more than the state average of
$1,240.
Can I afford Minneapolis-St. Paul-Bloomington?
To live comfortably in Minneapolis-St. Paul-Bloomington Minnes Metro Area, Minnesota, a minimum annual income of
$65,880 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Minneapolis-St. Paul-Bloomington?
The cost of living in Minneapolis-St. Paul-Bloomington, MN Metro Area is higher than the U.S. average - 105.5 compared to 100. This is reflected in the house prices, with the median value being $343100 which is slightly higher than the national median of $338100. With a higher cost of living comes many advantages, such as a variety of cultural and leisure activities, excellent amenities, great educational opportunities and access to quality healthcare services.