Housing costs in Savage?
A typical home costs
$409,800, which is 21.2% more expensive than the national average of
$338,100 and 32.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Savage costs
$1,590 per month, which is 28.2% more than the national average of
$1,240 and 11.9% more than the state average of
$1,400.
Can I afford Savage?
To live comfortably in Savage (zip 55378), Minnesota, a minimum annual income of
$78,480 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Savage?
The cost of living in 55378 Savage, MN is relatively affordable compared to many other areas in the United States. According to the most recent data from BestPlaces, the cost of living index in Savage is around 88.8, which is 13.8% lower than the national average. This means that groceries, utilities, and other expenses tend to be cheaper in Savage than elsewhere in the country. Housing costs are a bit higher however with median home prices at $319,000 and rent averaging around $1,500 for a two-bedroom apartment. However this is still generally less expensive than most nearby cities like Minneapolis and St Paul.