Housing costs in Excelsior?
A typical home costs
$735,500, which is 117.5% more expensive than the national average of
$338,100 and 137.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Excelsior costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$1,240.
Can I afford Excelsior?
To live comfortably in Excelsior, Minnesota, a minimum annual income of
$140,760 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Excelsior?
Excelsior, MN is a great place to live for people looking for an affordable cost of living. The median home value in the city is approximately $357,500, which is much lower than the national average. In addition, the cost of groceries and other essential items are on par with other parts of the country. The transportation costs are also relatively low because it's easy to find commuters to get around town cheaply. Overall, Excelsior offers an excellent cost of living that is well-suited for those on a budget.