Walters, MN Cost of Living


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United States / Minnesota / No Metro Area / Faribault County / Walters / Zip Codes
How much do I need to live in Walters, Minnesota?
$1,740 / month
for a family, 67.8% less expensive than the national average A total of $20,880 for the year for a family.
$2,267 / month
for a single person, 52.4% less expensive than the national average A total of $27,200 for the year for a single person.

Walters cost of living score
71.8
Less expensive
28.2% lower
than the US average
26.1% lower
than the Minnesota average
Walters, Minnesota gets a BestPlaces Cost of Living score of 71.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 28.2% lower than the U.S. average and 26.1% higher than the average for Minnesota.

Walters, MN

Housing costs in Walters?
A typical home costs $109,700, which is 67.6% less expensive than the national average of $338,100 and 64.6% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Walters costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 45.9% cheaper than the state average of $1,240.

Can I afford Walters?
To live comfortably in Walters, Minnesota, a minimum annual income of $20,880 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Walters?
Walters, MN is an affordable place to live. According to recent studies, the cost of living in Walters is 8.4% lower than the U.S. average and 2.7% lower than the state average. The median home price in Walters is $150,000 compared to $180,000 in Minnesota, making it a great place for first-time buyers or those looking to save money on their housing costs each month. Additionally, transportation costs are low due to its close proximity to larger cities, as well as its small size and easy access by bike or car. Overall, Walters offers a cost of living that is significantly lower than many other parts of the state and country.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWaltersMinnesotaUnited States
    Unlock97.2100.0
  92.2  Unlock100.0
    Unlock78.3100.0
  13.9  Unlock100.0
    Unlock$309,500$338,100
  98.4  Unlock100.0
    Unlock96.4100.0
  69.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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