Housing costs in Shakopee?
A typical home costs
$349,900, which is 3.5% more expensive than the national average of
$338,100 and 13.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shakopee costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 21.0% more than the state average of
$1,240.
Can I afford Shakopee?
To live comfortably in Shakopee, Minnesota, a minimum annual income of
$66,960 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Shakopee?
The cost of living in Shakopee, MN is relatively low compared to other cities in the Minneapolis-St. Paul metropolitan area. The median household income is approximately $75,000 and the median home value is roughly $250,000. Prices for goods and services such as groceries, utilities, health care and transportation are all below the national average. This provides Shakopee residents with a higher standard of living than many other cities throughout the region. Additionally, lower housing costs make it easier for individuals and families to live comfortably within their budget.