Housing costs in Calumet?
A typical home costs
$87,900, which is 74.0% less expensive than the national average of
$338,100 and 71.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Calumet costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Calumet?
To live comfortably in Calumet (zip 55716), Minnesota, a minimum annual income of
$16,920 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Calumet?
The cost of living in 55716 Calumet, MN is generally low and affordable for most people. According to Sperling's Best Places Cost of Living Index, the cost of living index for the area is 77.7, which is significantly lower than the U.S. national average of 100. Housing costs are especially low, with an average home price of around $154,100 and a median monthly rent of $867. Grocery prices are also relatively inexpensive, with basic groceries costing about 12% less than they do on average throughout the United States as a whole. Other typical expenses such as transportation and utilities are also reasonably priced here in Calumet compared to other cities across the country.