Zip 56231 (Danvers, MN) Cost of Living


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United States / Minnesota / No Metro Area / Swift County / Danvers / Danvers (zip 56231)

Danvers cost of living score
70.9
Less expensive
29.1% lower
than the US average
27.1% lower
than the Minnesota average
Danvers (zip 56231), Minnesota gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 27.1% higher than the average for Minnesota.

Zip 56231 (Danvers, MN)

Housing costs in Danvers?
A typical home costs $219,300, which is 35.1% less expensive than the national average of $338,100 and 29.1% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Danvers costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and 26.5% cheaper than the state average of $1,240.

Can I afford Danvers?
To live comfortably in Danvers (zip 56231), Minnesota, a minimum annual income of $42,120 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Danvers?
The cost of living in 56231 Danvers, MN is reasonably moderate. The overall cost of living index ranks slightly higher than the U.S. average at 96.4. Housing costs tend to be slightly lower than average as the median home value is just under $200,000 and the median rental price for a one bedroom apartment is around $850 per month. On average, residents can expect to pay about 10% more for their groceries than the national average, yet overall the cost of essentials and daily necessities are usually lower than other places in Minnesota. The local housing market is steady and health care costs are generally lower than many other parts of the country as well, making life in Danvers an affordable option for many families and individuals alike.
   Cost of living score
     CategoriesDanversMinnesotaUnited States
  70.997.2100.0
  94.997.2100
  81.878.3100.0
  58.4102.9100.0
  $219,300$309,500$338,100
  93.7%95.7%100.0%
  80.696.4100.0
  76.6117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime