Housing costs in Canby?
A typical home costs
$141,700, which is 58.1% less expensive than the national average of
$338,100 and 54.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Canby costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Canby?
To live comfortably in Canby (zip 56220), Minnesota, a minimum annual income of
$27,000 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Canby?
The cost of living in 56220 Canby, MN is relatively low compared to other areas in the US. According to BestPlaces, the cost of living index for this zip code is 81, which is 19 points below the US average. Housing specifically is the most affordable category, being 32 points below the US average at 69. Other categories such as groceries, health care, utilities and transportation are all also very affordable when compared to other zip codes across the country. All these factors combine to make 56220 a very attractive location for people who want to live in an affordable area without sacrificing luxuries or quality of life.