Borgholm, MN Cost of Living


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Borgholm cost of living score
90
Less expensive
10.0% lower
than the US average
7.4% lower
than the Minnesota average
Borgholm, Minnesota gets a BestPlaces Cost of Living score of 90, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.0% lower than the U.S. average and 7.4% higher than the average for Minnesota.

Borgholm, MN

Housing costs in Borgholm?
A typical home costs $260,100, which is 23.1% less expensive than the national average of $338,100 and 16.0% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Borgholm costs $1,180 per month, which is 17.5% cheaper than the national average of $1,430 and 5.1% cheaper than the state average of $1,240.

Can I afford Borgholm?
To live comfortably in Borgholm, Minnesota, a minimum annual income of $49,680 for a family, and $35,600 for a single person is recommended.

What does A.I. say about Borgholm?
The cost of living in Borgholm, MN is relatively low compared to other parts of the country. The median home value is just under $150,000, and rent prices for a one-bedroom apartment typically range from $500 to $800 per month. Groceries and basic goods are also very affordable here. However, there are still plenty of opportunities to save money by shopping at local stores or taking advantage of any special deals they may offer. Overall, Borgholm is an excellent place to live without breaking the bank.
   Cost of living score
     CategoriesBorgholmMinnesotaUnited States
  90.097.2100.0
  97.597.2100
  79.178.3100.0
  70.7102.9100.0
  $260,100$309,500$338,100
  98.5%95.7%100.0%
  125.896.4100.0
  92.6117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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