Zip 55309 (Big Lake, MN) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Big Lake, Minnesota?
$5,430 / month
for a family, 0.6% more expensive than the national average A total of $65,160 for the year for a family.
$3,600 / month
for a single person, 24.5% less expensive than the national average A total of $43,200 for the year for a single person.

Big Lake cost of living score
105.7
More expensive
5.7% higher
than the US average
8.7% higher
than the Minnesota average
Big Lake (zip 55309), Minnesota gets a BestPlaces Cost of Living score of 105.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.7% higher than the U.S. average and 8.7% higher than the average for Minnesota.

Zip 55309 (Big Lake, MN)

Housing costs in Big Lake?
A typical home costs $340,000, which is 0.6% more expensive than the national average of $338,100 and 9.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Big Lake costs $1,320 per month, which is 6.5% more than the national average of $1,240 and 6.1% cheaper than the state average of $1,400.

Can I afford Big Lake?
To live comfortably in Big Lake (zip 55309), Minnesota, a minimum annual income of $65,160 for a family, and $43,200 for a single person is recommended.

What does A.I. say about Big Lake?
The cost of living in 55309 Big Lake, MN is relatively affordable compared to other places in the United States. The median home value is $178,400 and the median rent is $1,062 per month. The city has a low unemployment rate of only 3.3%, and incomes are slightly higher than the national average at an average of $64,000 per year. Property taxes are also lower than the national average at 0.77%. Overall, 55309 Big Lake, MN offers excellent living options that are both comfortable and affordable for families and individuals alike.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesBig LakeMinnesotaUnited States
    Unlock97.2100.0
  100.3  Unlock100.0
    Unlock78.3100.0
  105.0  Unlock100.0
    Unlock$309,500$338,100
  100.2  Unlock100.0
    Unlock96.4100.0
  109.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.