Zip 56523 (Climax, MN) Cost of Living


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Climax cost of living score
82.8
Less expensive
17.2% lower
than the US average
14.8% lower
than the Minnesota average
Climax (zip 56523), Minnesota gets a BestPlaces Cost of Living score of 82.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.2% lower than the U.S. average and 14.8% higher than the average for Minnesota.

Zip 56523 (Climax, MN)

Housing costs in Climax?
A typical home costs $178,500, which is 47.2% less expensive than the national average of $338,100 and 42.3% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Climax costs $830 per month, which is 33.1% cheaper than the national average of $1,240 and 7.2% cheaper than the state average of $890.

Can I afford Climax?
To live comfortably in Climax (zip 56523), Minnesota, a minimum annual income of $34,200 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Climax?
56523 Climax, MN is known for its low cost of living. According to the most recent data provided by The Council for Community and Economic Research, housing costs in the area are 14% lower than the national average. Additionally, food and grocery costs are 6% lower than the national average while transportation and healthcare costs are both 4% lower than the national average. This makes 56523 Climax, MN an ideal area for those looking to save money on basic necessities while still enjoying all that the area has to offer.
   Cost of living score
     CategoriesClimaxMinnesotaUnited States
  82.897.2100.0
  95.397.2100
  80.978.3100.0
  55.9102.9100.0
  $178,500$309,500$338,100
  91.4%95.7%100.0%
  78.396.4100.0
  81.4117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime