Cokato township, MN Cost of Living


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Cokato township cost of living score
104.3
More expensive
4.3% higher
than the US average
7.3% higher
than the Minnesota average
Cokato township, Minnesota gets a BestPlaces Cost of Living score of 104.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.3% higher than the U.S. average and 7.3% higher than the average for Minnesota.

Cokato township, MN

Housing costs in Cokato township?
A typical home costs $369,700, which is 9.3% more expensive than the national average of $338,100 and 19.5% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Cokato township costs $1,200 per month, which is 16.1% cheaper than the national average of $1,430 and 3.3% cheaper than the state average of $1,240.

Can I afford Cokato township?
To live comfortably in Cokato township, Minnesota, a minimum annual income of $70,920 for a family, and $39,200 for a single person is recommended.

What does A.I. say about Cokato township?
The cost of living in Cokato Township, MN is relatively low compared to other cities in the region. The median home value is around $115,000, making it a reasonably affordable place for those looking to settle down. Housing costs account for a large portion of the total cost of living, but overall the town is still considered fairly inexpensive. Prices for food and transportation are also quite low, making it easy on the wallet when it comes to day-to-day expenses. In addition, tax rates tend to be lower than average as well. All in all, Cokato Township offers a great quality of life at an affordable price.
   Cost of living score
     CategoriesCokato townshipMinnesotaUnited States
  104.397.2100.0
  98.397.2100
  76.478.3100.0
  110.1102.9100.0
  $369,700$309,500$338,100
  97.9%95.7%100.0%
  112.396.4100.0
  121.4117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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