Housing costs in Mineral Point?
A typical home costs
$143,500, which is 57.6% less expensive than the national average of
$338,100 and 32.4% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Mineral Point costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 30.1% cheaper than the state average of
$950.
Can I afford Mineral Point?
To live comfortably in Mineral Point, Missouri, a minimum annual income of
$27,360 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Mineral Point?
The cost of living in Mineral Point, MO is relatively low when compared to other cities. The median home price in the city is just over $90,000 which is significantly lower than the national average. The cost of renting a two-bedroom apartment averages around $750 per month while some utilities can be upwards of $200 a month. Groceries and basic necessities are also much cheaper in Mineral Point than in other cities. In addition, there are no state income taxes in Missouri which helps citizens keep more of their earnings and contributes to the overall affordability of living here.