Housing costs in Spring Valley?
A typical home costs
$199,700, which is 40.9% less expensive than the national average of
$338,100 and 35.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Spring Valley costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 26.5% cheaper than the state average of
$1,240.
Can I afford Spring Valley?
To live comfortably in Spring Valley, Minnesota, a minimum annual income of
$38,160 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Spring Valley?
The cost of living in Spring Valley, MN is quite reasonable. The median home value is $115,800 and the median gross rent is $645. The overall cost of living index is 86.1, which is much lower than the national average (100). This means that most goods and services are more affordable compared to other places in the US. Additionally, unemployment rates in Spring Valley are below the state's average at 2.9%, making it a great place to find steady work and support a family. All of these factors combine to make Spring Valley an attractive place to call home with relatively low costs of living.