Springvale, MN Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Springvale cost of living score
100.8
More expensive
0.8% higher
than the US average
3.7% higher
than the Minnesota average
Springvale, Minnesota gets a BestPlaces Cost of Living score of 100.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 0.8% higher than the U.S. average and 3.7% higher than the average for Minnesota.

Springvale, MN

Housing costs in Springvale?
A typical home costs $394,800, which is 16.8% more expensive than the national average of $338,100 and 27.6% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Springvale costs $1,290 per month, which is 9.8% cheaper than the national average of $1,430 and 3.9% more than the state average of $1,240.

Can I afford Springvale?
To live comfortably in Springvale, Minnesota, a minimum annual income of $75,600 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Springvale?
The cost of living in Springvale, MN is relatively affordable compared to other parts of the state. The median home value is around $160,000 and the median household income is around $53,000, making it one of the most affordable places to live in Minnesota. Utilities are also quite reasonable with electricity costing about 8% less than the national average. Additionally, groceries and healthcare also fall below the national averages. All these factors make Springvale a great place if you're looking for an inexpensive place to call home.
   Cost of living score
     CategoriesSpringvaleMinnesotaUnited States
  100.897.2100.0
  98.797.2100
  78.878.3100.0
  107.4102.9100.0
  $394,800$309,500$338,100
  101.2%95.7%100.0%
  122.096.4100.0
  101.7117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Springvale, MN cost of living
Compare food, housing, utilities, and more in Springvale, Minnesota to any other city in the US.