Santiago, MN Cost of Living


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Santiago cost of living score
105.7
More expensive
5.7% higher
than the US average
8.7% higher
than the Minnesota average
Santiago, Minnesota gets a BestPlaces Cost of Living score of 105.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.7% higher than the U.S. average and 8.7% higher than the average for Minnesota.

Santiago, MN

Housing costs in Santiago?
A typical home costs $389,200, which is 15.1% more expensive than the national average of $338,100 and 25.8% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Santiago costs $1,270 per month, which is 11.2% cheaper than the national average of $1,430 and 2.4% more than the state average of $1,240.

Can I afford Santiago?
To live comfortably in Santiago, Minnesota, a minimum annual income of $74,520 for a family, and $41,600 for a single person is recommended.

What does A.I. say about Santiago?
The cost of living in Santiago, MN is relatively low. The median home price in Santiago is $144,400, which is significantly lower than the national average of $219,700. The median household income is also slightly lower than the national average at around $54,800. Additionally, Santiago offers a variety of affordable housing options ranging from apartments and condominiums to single family homes. The low unemployment rate and diverse job opportunities make it easy for people to find work and keep their expenses down. While groceries may be slightly higher than surrounding areas due to its distance from larger cities, overall the cost of living in Santiago is quite reasonable.
   Cost of living score
     CategoriesSantiagoMinnesotaUnited States
  105.797.2100.0
  10197.2100
  75.378.3100.0
  115.0102.9100.0
  $389,200$309,500$338,100
  100.2%95.7%100.0%
  129.096.4100.0
  109.9117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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