Zip 56017 (Cleveland, MN) Cost of Living


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How much do I need to live in Cleveland, Minnesota?
$5,250 / month
for a family, 2.8% less expensive than the national average A total of $63,000 for the year for a family.
$2,167 / month
for a single person, 54.5% less expensive than the national average A total of $26,000 for the year for a single person.

Cleveland cost of living score
94.4
Less expensive
5.6% lower
than the US average
2.9% lower
than the Minnesota average
Cleveland (zip 56017), Minnesota gets a BestPlaces Cost of Living score of 94.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.6% lower than the U.S. average and 2.9% higher than the average for Minnesota.

Zip 56017 (Cleveland, MN)

Housing costs in Cleveland?
A typical home costs $328,600, which is 2.8% less expensive than the national average of $338,100 and 6.2% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Cleveland costs $860 per month, which is 30.6% cheaper than the national average of $1,240 and 62.8% cheaper than the state average of $1,400.

Can I afford Cleveland?
To live comfortably in Cleveland (zip 56017), Minnesota, a minimum annual income of $63,000 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Cleveland?
Cleveland, MN is an affordable place to live. The cost of living in zip code 56017 is 14% lower than the rest of the state and 9% lower than the national average. Housing costs are particularly attractive with median home values being $110,500 and median rent prices being just $724 per month. Taxes are also relatively low, with an average property tax rate of 0.64%. In all, Cleveland provides a perfect combination of affordability and quality of life for its residents.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesClevelandMinnesotaUnited States
    Unlock97.2100.0
  99.6  Unlock100.0
    Unlock78.3100.0
  91.3  Unlock100.0
    Unlock$309,500$338,100
  93.0  Unlock100.0
    Unlock96.4100.0
  87.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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