Moorhead township, MN Cost of Living


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Moorhead township cost of living score
87.6
Less expensive
12.4% lower
than the US average
9.9% lower
than the Minnesota average
Moorhead township, Minnesota gets a BestPlaces Cost of Living score of 87.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.4% lower than the U.S. average and 9.9% higher than the average for Minnesota.

Moorhead township, MN

Housing costs in Moorhead township?
A typical home costs $374,000, which is 10.6% more expensive than the national average of $338,100 and 20.8% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Moorhead township costs $920 per month, which is 35.7% more than the national average of $1,430 and 34.8% more than the state average of $1,240.

Can I afford Moorhead township?
To live comfortably in Moorhead township, Minnesota, a minimum annual income of $71,640 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Moorhead township?
Moorhead Township, MN has a relatively low cost of living compared to other areas in the state. The median home value is $130,000, making it one of the most affordable places to live in Minnesota. Additionally, essential goods and services such as groceries and transportation are reasonably priced in Moorhead township. The median household income is about $54,798 per year making it an economically sustainable place to live. Furthermore, there are no state income taxes in Minnesota which make it an even more attractive place for those looking for a lower cost of living.
   Cost of living score
     CategoriesMoorhead townshipMinnesotaUnited States
  87.697.2100.0
  98.897.2100
  81.978.3100.0
  91.2102.9100.0
  $374,000$309,500$338,100
  97.2%95.7%100.0%
  82.196.4100.0
  103.8117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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