Spring Lake Park, MN Cost of Living


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How much do I need to live in Spring Lake Park, Minnesota?
$4,380 / month
for a family, 18.9% less expensive than the national average A total of $52,560 for the year for a family.
$3,667 / month
for a single person, 23.1% less expensive than the national average A total of $44,000 for the year for a single person.

Spring Lake Park cost of living score
104.6
More expensive
4.6% higher
than the US average
7.6% higher
than the Minnesota average
Spring Lake Park, Minnesota gets a BestPlaces Cost of Living score of 104.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.6% higher than the U.S. average and 7.6% higher than the average for Minnesota.

Spring Lake Park, MN

Housing costs in Spring Lake Park?
A typical home costs $274,400, which is 18.8% less expensive than the national average of $338,100 and 11.3% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Spring Lake Park costs $1,350 per month, which is 5.6% cheaper than the national average of $1,430 and 8.1% more than the state average of $1,240.

Can I afford Spring Lake Park?
To live comfortably in Spring Lake Park, Minnesota, a minimum annual income of $52,560 for a family, and $44,000 for a single person is recommended.

What does A.I. say about Spring Lake Park?
The cost of living in Spring Lake Park, MN is highly affordable and quite reasonable, making it a great destination for those looking to live on a budget. The median home price in the city is around $212,400, with rental rates typically ranging from $900 to $1,200 per month. Additionally, the overall cost of groceries and essential items like gas is lower than the national average. This makes Spring Lake Park an attractive option for those who are looking for an affordable place to live without sacrificing amenities or convenience.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSpring Lake ParkMinnesotaUnited States
    Unlock97.2100.0
  99.7  Unlock100.0
    Unlock78.3100.0
  97.4  Unlock100.0
    Unlock$309,500$338,100
  99.6  Unlock100.0
    Unlock96.4100.0
  131.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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