Housing costs in Collegeville?
A typical home costs
$318,400, which is 5.8% less expensive than the national average of
$338,100 and 2.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Collegeville costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 21.6% cheaper than the state average of
$1,240.
Can I afford Collegeville?
To live comfortably in Collegeville (zip 56321), Minnesota, a minimum annual income of
$60,840 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Collegeville?
The cost of living in 56321 Collegeville, MN is quite reasonable. While not the cheapest city to live in, it remains a great option for those who are looking for an affordable place to call home. Housing prices tend to be slightly below the national average, with some of the most affordable neighborhoods being located near Stearns County Historical Society and Munsinger Gardens. With the added benefit of a low unemployment rate and strong job market, there is much to recommend Collegeville as an attractive place to live. Although groceries tend to be slightly more expensive than other cities in Minnesota, overall, Collegeville still offers a good balance between affordability and quality of life.