Lake Andrew, MN Cost of Living


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Lake Andrew cost of living score
80.4
Less expensive
19.6% lower
than the US average
17.3% lower
than the Minnesota average
Lake Andrew, Minnesota gets a BestPlaces Cost of Living score of 80.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.6% lower than the U.S. average and 17.3% higher than the average for Minnesota.

Lake Andrew, MN

Housing costs in Lake Andrew?
A typical home costs $479,300, which is 41.8% more expensive than the national average of $338,100 and 54.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Lake Andrew costs $800 per month, which is 44.1% more than the national average of $1,430 and 55.0% more than the state average of $1,240.

Can I afford Lake Andrew?
To live comfortably in Lake Andrew, Minnesota, a minimum annual income of $91,800 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Lake Andrew?
The cost of living in Lake Andrew, MN is relatively affordable compared to other areas of the state. The median home price in the city is around $150,000, and the average monthly rent for a one-bedroom apartment is about $850. Grocery costs are also quite reasonable, with basic groceries such as milk and bread costing just over $4 per gallon and loaf, respectively. Utilities such as electricity and natural gas are also quite competitively priced in Lake Andrew, while internet service can be had for around $50 a month. Overall, Lake Andrew is an affordable place to live when it comes to daily living expenses.
   Cost of living score
     CategoriesLake AndrewMinnesotaUnited States
  80.497.2100.0
  98.997.2100
  82.478.3100.0
  103.4102.9100.0
  $479,300$309,500$338,100
  98.1%95.7%100.0%
  67.396.4100.0
  97.0117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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