Ida, MN Cost of Living


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Ida cost of living score
86.7
Less expensive
13.3% lower
than the US average
10.8% lower
than the Minnesota average
Ida, Minnesota gets a BestPlaces Cost of Living score of 86.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.3% lower than the U.S. average and 10.8% higher than the average for Minnesota.

Ida, MN

Housing costs in Ida?
A typical home costs $377,700, which is 11.7% more expensive than the national average of $338,100 and 22.0% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Ida costs $870 per month, which is 39.2% more than the national average of $1,430 and 42.5% more than the state average of $1,240.

Can I afford Ida?
To live comfortably in Ida, Minnesota, a minimum annual income of $72,360 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Ida?
The cost of living in Ida, MN is quite reasonable. The median home price is around $140,000, which is quite affordable for the area. The cost of goods and services are nearly identical to the national average. Food prices and other basic necessities such as gas are also very competitive with surrounding areas. Overall, Ida offers a great place to live at an affordable price point.
   Cost of living score
     CategoriesIdaMinnesotaUnited States
  86.797.2100.0
  100.497.2100
  83.078.3100.0
  113.5102.9100.0
  $377,700$309,500$338,100
  93.1%95.7%100.0%
  66.396.4100.0
  96.7117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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