Housing costs in Fridley?
A typical home costs
$296,600, which is 12.3% less expensive than the national average of
$338,100 and 4.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Fridley costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 8.1% more than the state average of
$1,240.
Can I afford Fridley?
To live comfortably in Fridley, Minnesota, a minimum annual income of
$56,880 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Fridley?
The cost of living in Fridley, MN is relatively low compared to many other cities in the state. According to Sperling's Best Places, the cost of living index score for Fridley is only 82.5 out of 100, which is much lower than Minneapolis and St Paul who have scores of 109.2 and 106 respectively. This makes it an attractive destination for people looking for more affordable housing options without sacrificing quality of life. Rent costs tend to be cheaper here than in nearby cities, with two bedroom apartments averaging around $800 per month. Groceries are also quite affordable, with food costs estimated at 12 percent less than the US average. In addition, utilities such as electricity and water tend to be lower than the national average as well. All in all, Fridley is a great place to live for those looking for a more budget-friendly home base close to Minneapolis and St Paul.