Housing costs in Cold Spring?
A typical home costs
$310,500, which is 8.2% less expensive than the national average of
$338,100 and 0.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cold Spring costs
$1,060 per month, which is 14.5% cheaper than the national average of
$1,240 and 8.5% more than the state average of
$970.
Can I afford Cold Spring?
To live comfortably in Cold Spring (zip 56320), Minnesota, a minimum annual income of
$59,400 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Cold Spring?
The cost of living in 56320 Cold Spring, MN is slightly above the national average. The median home price is around $220,000 with an average rent of $1,200 per month for a two-bedroom apartment. Groceries and other everyday items are also slightly more expensive than the national average. Utility bills can be on the high side due to the cold winters and hot summers in this part of Minnesota. Although it may be more expensive to live in 56320 Cold Spring than other parts of the country, it is a great place to settle down and put down roots for those looking for a cozy small town experience.