Housing costs in Inver Grove Heights?
A typical home costs
$295,400, which is 12.6% less expensive than the national average of
$338,100 and 4.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Inver Grove Heights costs
$1,500 per month, which is 21.0% more than the national average of
$1,240 and 6.7% more than the state average of
$1,400.
Can I afford Inver Grove Heights?
To live comfortably in Inver Grove Heights (zip 55076), Minnesota, a minimum annual income of
$56,520 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Inver Grove Heights?
The cost of living in 55076 Inver Grove Heights, MN is fairly affordable compared to other areas in the Twin Cities Metro area. Groceries and healthcare costs are generally below the national average while housing costs are slightly above average. The median home price for this area is around $297,000, which is significantly less than what you’d find in some of the more affluent parts of Minneapolis and St. Paul. Additionally, taxes are relatively low in Inver Grove Heights compared to some of its surrounding cities such as Eagan and Woodbury. If you’re looking for a place that offers a great combination of affordability and convenience to downtown Minneapolis-St. Paul, then 55076 Inver Grove Heights could be an excellent choice for your next home.