Housing costs in Hampton?
A typical home costs
$397,000, which is 17.4% more expensive than the national average of
$338,100 and 28.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hampton costs
$1,210 per month, which is 2.4% cheaper than the national average of
$1,240 and 15.7% cheaper than the state average of
$1,400.
Can I afford Hampton?
To live comfortably in Hampton (zip 55031), Minnesota, a minimum annual income of
$75,960 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Hampton?
The cost of living in 55031 Hampton, MN is relatively inexpensive. According to BestPlaces, the overall cost of living index is 91 out of 100, where 100 is the national average and anything below that is considered to be cheaper than average. This means that residents of 55031 Hampton, MN have access to goods and services at a lower cost than most other places in the US. Furthermore, the median home price for this area is $163,500 which makes homeownership much more accessible for families looking to settle down here. Additionally, utility costs are also significantly lower than the national average. All in all, 55031 Hampton, MN provides an affordable environment for those looking to establish their home here.