Elizabeth township, MN Cost of Living


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Elizabeth township cost of living score
87.8
Less expensive
12.2% lower
than the US average
9.7% lower
than the Minnesota average
Elizabeth township, Minnesota gets a BestPlaces Cost of Living score of 87.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.2% lower than the U.S. average and 9.7% higher than the average for Minnesota.

Elizabeth township, MN

Housing costs in Elizabeth township?
A typical home costs $512,000, which is 51.4% more expensive than the national average of $338,100 and 65.4% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Elizabeth township costs $860 per month, which is 39.9% more than the national average of $1,430 and 44.2% more than the state average of $1,240.

Can I afford Elizabeth township?
To live comfortably in Elizabeth township, Minnesota, a minimum annual income of $98,280 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Elizabeth township?
Elizabeth township is an affordable area to live due to its low cost of living. According to Sperling’s Best Places, the cost of living index in Elizabeth township is at 82.3, which is lower than that of the US average (100). Other factors such as housing are also quite reasonable with a median home value of $192,350 and a median list price per square foot of $109. Utilities tend to be relatively inexpensive as well, with electric bills ranging from $71-$144 per month depending on usage. In addition, the overall tax burden in Elizabeth township is 10.9% - well below the national average of 11.8%. All these factors combined make Elizabeth township an appealing place for those looking for a reasonable cost-of-living without sacrificing quality lifestyle or amenities.
   Cost of living score
     CategoriesElizabeth townshipMinnesotaUnited States
  87.897.2100.0
  96.797.2100
  81.078.3100.0
  103.0102.9100.0
  $512,000$309,500$338,100
  92.4%95.7%100.0%
  75.596.4100.0
  99.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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