Solem, MN Cost of Living

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Solem cost of living score
Less expensive
13.3% lower
than the US average
10.8% lower
than the Minnesota average
Solem, Minnesota gets a BestPlaces Cost of Living score of 86.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.3% lower than the U.S. average and 10.8% higher than the average for Minnesota.

Solem, MN

Housing costs in Solem?
A typical home costs $293,500, which is 13.2% less expensive than the national average of $338,100 and 5.2% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Solem costs $870 per month, which is 39.2% more than the national average of $1,430 and 42.5% more than the state average of $1,240.

Can I afford Solem?
To live comfortably in Solem, Minnesota, a minimum annual income of $56,160 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Solem?
Solem, MN is a small town in the midwest with an affordable cost of living. The median home price is $112,000, which is substantially lower than the national average. Rent prices are also quite reasonable and range from about $800-900 per month for a two bedroom apartment. Other costs like groceries, utilities, and transportation are all below the national average as well. Overall, residents of Solem can enjoy a comfortable life without breaking their budget.
   Cost of living score
     CategoriesSolemMinnesotaUnited States

   100=National Average

   Average Rent by Bedroom Size
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