Housing costs in Minneapolis?
A typical home costs
$294,200, which is 13.0% less expensive than the national average of
$338,100 and 4.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minneapolis costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and 13.9% more than the state average of
$1,240.
Can I afford Minneapolis?
To live comfortably in Minneapolis, Minnesota, a minimum annual income of
$56,520 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Minneapolis?
Minneapolis, Minnesota provides plenty of opportunities to explore and enjoy alongside an impressive cost-of-living that makes it worth considering. Homeowners can select among different types of housing ranging from affordable single family homes to luxury high rises - while renters have access to some great deals too. Additionally, groceries and transportation costs remain quite low when compared with other parts of the US - giving you more value for your dollar if you choose Minneapolis as your home.