Industrial, MN Cost of Living


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Industrial cost of living score
84.7
Less expensive
15.3% lower
than the US average
12.9% lower
than the Minnesota average
Industrial, Minnesota gets a BestPlaces Cost of Living score of 84.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.3% lower than the U.S. average and 12.9% higher than the average for Minnesota.

Industrial, MN

Housing costs in Industrial?
A typical home costs $240,500, which is 28.9% less expensive than the national average of $338,100 and 22.3% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Industrial costs $1,470 per month, which is 2.8% more than the national average of $1,430 and 15.6% more than the state average of $1,240.

Can I afford Industrial?
To live comfortably in Industrial, Minnesota, a minimum annual income of $46,080 for a family, and $45,200 for a single person is recommended.

What does A.I. say about Industrial?
The cost of living in Industrial, MN is relatively low compared to other areas of the state. Housing is especially affordable due to the high availability of rental properties and lower than average property taxes. The median household income in Industrial, MN is approximately $45,600 as of 2020, which is lower than the national average. However, with an abundance of local businesses and a variety of amenities nearby, residents have access to many goods and services at competitive prices. Additionally, there are no sales taxes in Minnesota which helps keep costs down for consumers. With all these factors in mind, it's easy to see why living in Industrial, MN can be an economical choice for those looking for a place to call home.
   Cost of living score
     CategoriesIndustrialMinnesotaUnited States
  84.797.2100.0
  99.897.2100
  86.378.3100.0
  80.8102.9100.0
  $240,500$309,500$338,100
  92.1%95.7%100.0%
  98.696.4100.0
  102.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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