Deerfield township (Steele County), MN Cost of Living


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United States / Minnesota / Owatonna Metro Area / Steele County / Deerfield township (Steele County) / Zip Codes

Deerfield township (Steele County) cost of living score
83.5
Less expensive
16.5% lower
than the US average
14.1% lower
than the Minnesota average
Deerfield township (Steele County), Minnesota gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 14.1% higher than the average for Minnesota.

Deerfield township (Steele County), MN

Housing costs in Deerfield township (Steele County)?
A typical home costs $377,500, which is 11.7% more expensive than the national average of $338,100 and 22.0% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Deerfield township (Steele County) costs $830 per month, which is 42.0% more than the national average of $1,430 and 49.4% more than the state average of $1,240.

Can I afford Deerfield township (Steele County)?
To live comfortably in Deerfield township (Steele County), Minnesota, a minimum annual income of $72,360 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Deerfield township (Steele County)?
The cost of living in Deerfield Township (Steele County), MN is quite reasonable. The median home value in the area is just over $130,000, which is significantly lower than the national average. Additionally, the median household income in Deerfield Township is just over $60,000. This indicates that residents of this township are able to live comfortably while still having some extra income for entertainment and other activities. Groceries and utilities in the area are also reasonably priced when compared to other areas in the state of Minnesota. All in all, living in Deerfield Township can be both comfortable and affordable for families and individuals alike.
   Cost of living score
     CategoriesDeerfield township (Steele County)MinnesotaUnited States
  83.597.2100.0
  96.997.2100
  88.078.3100.0
  83.6102.9100.0
  $377,500$309,500$338,100
  96.9%95.7%100.0%
  68.296.4100.0
  103.5117.4100.0

   100=National Average

   Average Rent by Bedroom Size
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