Housing costs in Minnesota?
A typical home costs
$309,500, which is 8.5% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minnesota costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Minnesota?
To live comfortably in Minnesota, a minimum annual income of
$59,400 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Minnesota?
The cost of living in Minnesota State is generally considered to be quite affordable, with the average monthly rent for a two-bedroom apartment estimated at around $976. Food and groceries are also relatively inexpensive, with the average price per meal costing around $12. Utility bills tend to remain low year round due to the frigid temperatures throughout several months. Transportation can be expensive, however, with an adult bus fare costing $2.50 per ride within Minneapolis and St. Paul or up to $6.00 for longer distances across the state. Overall, Minnesota State remains an ideal location for individuals and families looking for an affordable place to live that offers a variety of activities and entertainment options year round.