Summit township (Steele County), MN Cost of Living


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Summit township (Steele County) cost of living score
83.5
Less expensive
16.5% lower
than the US average
14.1% lower
than the Minnesota average
Summit township (Steele County), Minnesota gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 14.1% higher than the average for Minnesota.

Summit township (Steele County), MN

Housing costs in Summit township (Steele County)?
A typical home costs $356,100, which is 5.3% more expensive than the national average of $338,100 and 15.1% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Summit township (Steele County) costs $960 per month, which is 32.9% more than the national average of $1,430 and 29.2% more than the state average of $1,240.

Can I afford Summit township (Steele County)?
To live comfortably in Summit township (Steele County), Minnesota, a minimum annual income of $68,400 for a family, and $30,000 for a single person is recommended.

What does A.I. say about Summit township (Steele County)?
The cost of living in Summit Township, Steele County, Minnesota is quite reasonable. The median home value is around $133,000, which is lower than the national average. The median household income in the area is also below the national average at just over $50,000 a year. With such affordable housing and overall lower costs in the area, it makes it an attractive option for families looking for an affordable place to live. All necessary amenities are conveniently located within this rural community as well, including grocery stores, banks, restaurants and entertainment venues. These factors make Summit Township a desirable place to live for those who want to enjoy both a more laid back rural lifestyle with easy access to amenities and services.
   Cost of living score
     CategoriesSummit township (Steele County)MinnesotaUnited States
  83.597.2100.0
  96.297.2100
  88.078.3100.0
  69.2102.9100.0
  $356,100$309,500$338,100
  96.9%95.7%100.0%
  83.296.4100.0
  103.5117.4100.0

   100=National Average

   Average Rent by Bedroom Size
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