Housing costs in Independence?
A typical home costs
$531,300, which is 57.1% more expensive than the national average of
$338,100 and 71.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Independence costs
$1,240 per month, which is 0.0% cheaper than the national average of
$1,240 and 12.9% cheaper than the state average of
$1,400.
Can I afford Independence?
To live comfortably in Independence (zip 55359), Minnesota, a minimum annual income of
$101,880 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Independence?
The cost of living in 55359 Independence, MN is relatively low compared to other cities in the United States. Housing prices are quite affordable, with a median value of $156,600. The overall cost of living index is at 89 which is 11% lower than the national average. Utility costs are also below the national average making it an even more attractive place to live. Other costs such as food and healthcare are comparable to the national average, making it a great option for those looking for a place to settle down that won't break their budget.