Zip 56045 (Hollandale, MN) Cost of Living


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Hollandale cost of living score
74.2
Less expensive
25.8% lower
than the US average
23.7% lower
than the Minnesota average
Hollandale (zip 56045), Minnesota gets a BestPlaces Cost of Living score of 74.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.8% lower than the U.S. average and 23.7% higher than the average for Minnesota.

Zip 56045 (Hollandale, MN)

Housing costs in Hollandale?
A typical home costs $146,100, which is 56.8% less expensive than the national average of $338,100 and 52.8% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Hollandale costs $880 per month, which is 29.0% cheaper than the national average of $1,240 and close to the state average of $870.

Can I afford Hollandale?
To live comfortably in Hollandale (zip 56045), Minnesota, a minimum annual income of $28,080 for a family, and $26,800 for a single person is recommended.

What does A.I. say about Hollandale?
The cost of living in 56045 Hollandale, MN is quite affordable, making it a great place to live. According to Best Places, the median home cost in 56045 is $101,500, which is much lower than the national average of $184,700. Additionally, residents of 56045 can expect to pay an average of around $1.40 for a gallon of gas and only an estimated 8.2% of their annual income for housing costs. Goods and services are also relatively low-priced as the overall index for cost of living is about 10% less than the national average. This makes 56045 Hollandale a great place to settle down and enjoy all that Minnesota has to offer without having to worry about expensive living expenses.
   Cost of living score
     CategoriesHollandaleMinnesotaUnited States
  74.297.2100.0
  9597.2100
  88.678.3100.0
  44.6102.9100.0
  $146,100$309,500$338,100
  96.3%95.7%100.0%
  74.996.4100.0
  94.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime