Zip 56039 (Granada, MN) Cost of Living


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United States / Minnesota / No Metro Area / Martin County / Granada / Granada (zip 56039)

Granada cost of living score
72.4
Less expensive
27.6% lower
than the US average
25.5% lower
than the Minnesota average
Granada (zip 56039), Minnesota gets a BestPlaces Cost of Living score of 72.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.6% lower than the U.S. average and 25.5% higher than the average for Minnesota.

Zip 56039 (Granada, MN)

Housing costs in Granada?
A typical home costs $245,100, which is 27.5% less expensive than the national average of $338,100 and 20.8% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Granada costs $760 per month, which is 46.9% cheaper than the national average of $1,430 and 63.2% cheaper than the state average of $1,240.

Can I afford Granada?
To live comfortably in Granada (zip 56039), Minnesota, a minimum annual income of $46,800 for a family, and $23,200 for a single person is recommended.

What does A.I. say about Granada?
The cost of living in 56039 Granada, MN is relatively inexpensive when compared to the national average. According to recent data, the median household income in 56039 Granada, MN is $57,458 while the cost of living index is 81.2. This means that goods and services are 19.8% cheaper in 56039 Granada, MN than the national average. The housing market has also seen a decrease in prices over the last year with a median list price of $174,900 which is down from $188,000 last year. This makes 56039 Granada an attractive option for those looking for an affordable place to live with access to amenities such as shopping, restaurants and entertainment.
   Cost of living score
     CategoriesGranadaMinnesotaUnited States
  72.497.2100.0
  94.697.2100
  87.278.3100.0
  52.2102.9100.0
  $245,100$309,500$338,100
  97.4%95.7%100.0%
  68.496.4100.0
  78.4117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime