Housing costs in Columbia Heights?
A typical home costs
$263,200, which is 22.2% less expensive than the national average of
$338,100 and 15.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Columbia Heights costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$1,240.
Can I afford Columbia Heights?
To live comfortably in Columbia Heights, Minnesota, a minimum annual income of
$50,400 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Columbia Heights?
The cost of living in Columbia Heights, MN is relatively affordable compared to the U.S. average. The median household income in the city is $50,852, which is 8% lower than the U.S. average and 6% lower than Minnesota's state average, providing residents with a cost-effective way to live in this suburban community. The median home value in Columbia Heights is $173,500, making it a great option for those looking to purchase their first home or downsize into a more manageable property for retirement. Additionally, the rental market is also quite reasonable with a median rent of only $885 per month for a two bedroom apartment. As such, living costs are very competitive when compared to other cities in Minnesota and across the United States.