Housing costs in Cottage Grove?
A typical home costs
$356,000, which is 5.3% more expensive than the national average of
$338,100 and 15.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cottage Grove costs
$1,720 per month, which is 38.7% more than the national average of
$1,240 and 18.6% more than the state average of
$1,400.
Can I afford Cottage Grove?
To live comfortably in Cottage Grove (zip 55016), Minnesota, a minimum annual income of
$68,040 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Cottage Grove?
The cost of living in 55016 Cottage Grove, MN is quite reasonable. According to BestPlaces, the cost of living index is 82.39, which is 18% lower than the national average. This means that groceries, housing, utilities, and transportation are all relatively affordable compared to other cities in the US. Rent prices for a one-bedroom apartment average around $719 a month making it an ideal choice for budget-conscious renters. Additionally, with its convenient location near Minneapolis and St Paul combined with low taxes and utility rates makes 55016 Cottage Grove, MN an attractive option for those looking for an affordable place to live without compromising on quality of life.