Housing costs in Hamburg?
A typical home costs
$286,200, which is 15.4% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hamburg costs
$1,200 per month, which is 3.2% cheaper than the national average of
$1,240 and 16.7% cheaper than the state average of
$1,400.
Can I afford Hamburg?
To live comfortably in Hamburg (zip 55339), Minnesota, a minimum annual income of
$54,720 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Hamburg?
The cost of living in Hamburg, MN is relatively low compared to other cities. According to BestPlaces.net, the overall cost of living index for Hamburg is 78.3, which is about 21% lower than the U.S average of 100. The median home price in Hamburg is $204,100 and the median monthly rent for a one-bedroom apartment is $722. Groceries are also reasonably priced in Hamburg with an average food expenditure of $320 per month for a family of four. Taxes are slightly higher than the rest of Minnesota with state taxes coming in at 7%, but when you take into consideration the overall lower cost of living, it balances out making Hamburg an affordable city to live in.