Zip 55304 (Andover, MN) Cost of Living


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How much do I need to live in Andover, Minnesota?
$6,300 / month
for a family, 16.7% more expensive than the national average A total of $75,600 for the year for a family.
$5,267 / month
for a single person, 10.5% more expensive than the national average A total of $63,200 for the year for a single person.

Andover cost of living score
104.6
More expensive
4.6% higher
than the US average
7.6% higher
than the Minnesota average
Andover (zip 55304), Minnesota gets a BestPlaces Cost of Living score of 104.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.6% higher than the U.S. average and 7.6% higher than the average for Minnesota.

Zip 55304 (Andover, MN)

Housing costs in Andover?
A typical home costs $394,800, which is 16.8% more expensive than the national average of $338,100 and 27.6% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Andover costs $1,940 per month, which is 56.5% more than the national average of $1,240 and 27.8% more than the state average of $1,400.

Can I afford Andover?
To live comfortably in Andover (zip 55304), Minnesota, a minimum annual income of $75,600 for a family, and $63,200 for a single person is recommended.

What does A.I. say about Andover?
The cost of living in 55304 Andover, MN is relatively low. Housing costs are well below the national average, with a median value of $250,000 for a three-bedroom home. Grocery and restaurant prices are also generally lower than average. Furthermore, utilities and transportation costs are quite reasonable as well. All of these factors combine to provide a comfortable standard of living at an affordable price in the 55304 area.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesAndoverMinnesotaUnited States
    Unlock97.2100.0
  103.0  Unlock100.0
    Unlock78.3100.0
  134.4  Unlock100.0
    Unlock$309,500$338,100
  101.0  Unlock100.0
    Unlock96.4100.0
  131.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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