Housing costs in Champlin?
A typical home costs
$349,400, which is 3.3% more expensive than the national average of
$338,100 and 12.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Champlin costs
$1,590 per month, which is 11.2% more than the national average of
$1,430 and 22.0% more than the state average of
$1,240.
Can I afford Champlin?
To live comfortably in Champlin, Minnesota, a minimum annual income of
$66,960 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Champlin?
The cost of living in Champlin, MN is quite reasonable compared to other areas of the country. Housing prices are typically lower than the national average, and many basic necessities are also priced reasonably. The median home price in Champlin is around $200,000 which is much lower than many other places in the country. Additionally, goods and services costing less than $2 per item make up a large portion of the local economy. Despite the fact that Minnesota does have higher taxes than other states, overall the cost of living in Champlin remains quite competitive.