Zip 56249 (Holloway, MN) Cost of Living


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United States / Minnesota / No Metro Area / Swift County / Holloway / Holloway (zip 56249)

Holloway cost of living score
70.9
Less expensive
29.1% lower
than the US average
27.1% lower
than the Minnesota average
Holloway (zip 56249), Minnesota gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 27.1% higher than the average for Minnesota.

Zip 56249 (Holloway, MN)

Housing costs in Holloway?
A typical home costs $185,600, which is 45.1% less expensive than the national average of $338,100 and 40.0% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Holloway costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 45.9% cheaper than the state average of $1,240.

Can I afford Holloway?
To live comfortably in Holloway (zip 56249), Minnesota, a minimum annual income of $35,640 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Holloway?
The cost of living in 56249 Holloway, MN is quite reasonable. The median home value for the area is around $206,700, which is lower than the national average. Renters can expect to pay an average of $946 per month for a one-bedroom apartment and $1,093 for a two-bedroom apartment. Prices for groceries and other basic necessities are also affordable with the overall cost of living index being 3% lower than the national average. In addition, the area has access to great public transportation options and many amenities that help it remain budget friendly.
   Cost of living score
     CategoriesHollowayMinnesotaUnited States
  70.997.2100.0
  92.597.2100
  81.878.3100.0
  52.8102.9100.0
  $185,600$309,500$338,100
  94.0%95.7%100.0%
  65.896.4100.0
  76.6117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime