Shafer township, MN Cost of Living


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Shafer township cost of living score
106.6
More expensive
6.6% higher
than the US average
9.7% higher
than the Minnesota average
Shafer township, Minnesota gets a BestPlaces Cost of Living score of 106.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.6% higher than the U.S. average and 9.7% higher than the average for Minnesota.

Shafer township, MN

Housing costs in Shafer township?
A typical home costs $436,600, which is 29.1% more expensive than the national average of $338,100 and 41.1% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Shafer township costs $1,220 per month, which is 14.7% cheaper than the national average of $1,430 and close to the state average of $1,240.

Can I afford Shafer township?
To live comfortably in Shafer township, Minnesota, a minimum annual income of $83,520 for a family, and $40,000 for a single person is recommended.

What does A.I. say about Shafer township?
The cost of living in Shafer Township, MN is relatively low compared to many other parts of the country. The median home value is around $162,000, and rent prices are generally between $800-900 per month for a two bedroom apartment. Utilities are also quite affordable in comparison to other places in Minnesota. In addition, groceries and other necessities can be bought for reasonable prices from local stores. All this adds up to an overall low cost of living that makes it attractive for people looking to live comfortably on a budget.
   Cost of living score
     CategoriesShafer townshipMinnesotaUnited States
  106.697.2100.0
  98.597.2100
  78.978.3100.0
  123.0102.9100.0
  $436,600$309,500$338,100
  101.0%95.7%100.0%
  126.296.4100.0
  113.8117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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