Kensington, MN Cost of Living


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Kensington cost of living score
86.7
Less expensive
13.3% lower
than the US average
10.8% lower
than the Minnesota average
Kensington, Minnesota gets a BestPlaces Cost of Living score of 86.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.3% lower than the U.S. average and 10.8% higher than the average for Minnesota.

Kensington, MN

Housing costs in Kensington?
A typical home costs $226,300, which is 33.1% less expensive than the national average of $338,100 and 26.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Kensington costs $870 per month, which is 39.2% cheaper than the national average of $1,430 and 42.5% cheaper than the state average of $1,240.

Can I afford Kensington?
To live comfortably in Kensington, Minnesota, a minimum annual income of $43,200 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Kensington?
Kensington, MN is known for being an affordable city to live in. The cost of living in the area is significantly lower than the national average, making it a great place for those looking to stretch their hard-earned dollars. Housing costs are especially low compared to other areas; residents can find a variety of different homes and apartments that fit their budget. Overall, Kensington provides an excellent value for money and is an attractive destination for those looking to make the most out of their finances.
   Cost of living score
     CategoriesKensingtonMinnesotaUnited States
  86.797.2100.0
  97.297.2100
  83.078.3100.0
  68.6102.9100.0
  $226,300$309,500$338,100
  95.0%95.7%100.0%
  67.196.4100.0
  97.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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