Housing costs in Minnesota City?
A typical home costs
$262,700, which is 22.3% less expensive than the national average of
$338,100 and 15.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minnesota City costs
$900 per month, which is 27.4% cheaper than the national average of
$1,240 and close to the state average of
$890.
Can I afford Minnesota City?
To live comfortably in Minnesota City (zip 55959), Minnesota, a minimum annual income of
$50,400 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Minnesota City?
Living in 55959 Minnesota City, MN is affordable and reasonable. The cost of living in this city is 11.7% lower than the national average, and 2.5% lower than the state's average. Renting a one bedroom apartment costs around $660 per month, while a two bedroom goes for around $800 per month. Groceries are reasonably priced, with the average family spending about $400 per month on food. Utility bills are also fairly low, with electric and gas costing an average of $127 and $75 respectively each month. As far as taxes go, property taxes are just over 1%, while sales tax stands at 6.875%. Overall, living in 55959 Minnesota City, MN is both affordable and comfortable for those looking to live in a small town atmosphere with all of the necessary amenities to stay comfortable year round.