Zip 55924 (Claremont, MN) Cost of Living


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How much do I need to live in Claremont, Minnesota?
$4,050 / month
for a family, 25.0% less expensive than the national average A total of $48,600 for the year for a family.
$2,633 / month
for a single person, 44.8% less expensive than the national average A total of $31,600 for the year for a single person.

Claremont cost of living score
90.1
Less expensive
9.9% lower
than the US average
7.3% lower
than the Minnesota average
Claremont (zip 55924), Minnesota gets a BestPlaces Cost of Living score of 90.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.9% lower than the U.S. average and 7.3% higher than the average for Minnesota.

Zip 55924 (Claremont, MN)

Housing costs in Claremont?
A typical home costs $253,700, which is 25.0% less expensive than the national average of $338,100 and 18.0% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Claremont costs $980 per month, which is 21.0% cheaper than the national average of $1,240 and 17.3% cheaper than the state average of $1,150.

Can I afford Claremont?
To live comfortably in Claremont (zip 55924), Minnesota, a minimum annual income of $48,600 for a family, and $31,600 for a single person is recommended.

What does A.I. say about Claremont?
The cost of living in 55924 Claremont, MN is relatively low compared to other parts of the country. Rent for a one-bedroom apartment in the area ranges from $650 to $800 per month, while the median home value is around $106,000. Groceries and other necessities are also quite affordable with the average grocery bill running at approximately $30 per person per week. The average cost of utilities for a two-bedroom apartment is also relatively low at around $100 per month. Overall, Claremont is an ideal place to live for those looking for an affordable lifestyle without sacrificing quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesClaremontMinnesotaUnited States
    Unlock97.2100.0
  97.2  Unlock100.0
    Unlock78.3100.0
  60.5  Unlock100.0
    Unlock$309,500$338,100
  99.3  Unlock100.0
    Unlock96.4100.0
  102.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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