Housing costs in Gibbon?
A typical home costs
$184,600, which is 45.4% less expensive than the national average of
$338,100 and 40.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Gibbon costs
$990 per month, which is 20.2% cheaper than the national average of
$1,240 and 41.4% cheaper than the state average of
$1,400.
Can I afford Gibbon?
To live comfortably in Gibbon (zip 55335), Minnesota, a minimum annual income of
$35,280 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Gibbon?
The cost of living in 55335 Gibbon, MN is quite affordable. According to BestPlaces, the cost of living index for this zip code is at a very low 79.04 out of 100. This means that groceries and residential utilities are much lower than the national average, making it a great place to live on a budget. Additionally, rent is relatively low when compared to other cities in the US, averaging $731 per month for a one-bedroom apartment and $841 for a three-bedroom apartment. This makes it an excellent option for families looking for an affordable place to call home.