Housing costs in Cologne?
A typical home costs
$418,200, which is 23.7% more expensive than the national average of
$338,100 and 35.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cologne costs
$1,520 per month, which is 22.6% more than the national average of
$1,240 and 7.9% more than the state average of
$1,400.
Can I afford Cologne?
To live comfortably in Cologne (zip 55322), Minnesota, a minimum annual income of
$80,280 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Cologne?
The cost of living in 55322 Cologne, MN is relatively low compared to other parts of the country. The median home price is $199,734 with a median rental price of $1,265. Residents also benefit from a lower cost of goods and services when compared to the national average. The area also has access to excellent public transportation, which further helps to keep living costs down. All-in-all, 55322 Cologne, MN offers an affordable lifestyle with plenty of amenities and activities close by.