Housing costs in Inver Grove Heights?
A typical home costs
$494,000, which is 46.1% more expensive than the national average of
$338,100 and 59.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Inver Grove Heights costs
$1,330 per month, which is 7.3% more than the national average of
$1,240 and 5.3% cheaper than the state average of
$1,400.
Can I afford Inver Grove Heights?
To live comfortably in Inver Grove Heights (zip 55077), Minnesota, a minimum annual income of
$94,680 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Inver Grove Heights?
The cost of living in 55077 Inver Grove Heights, MN is relatively affordable compared to other major metropolitan areas in the United States. According to BestPlaces, the overall cost of living index for this area is 88, which is 12% lower than the national average. Housing costs are also very reasonable, with a median home value of approximately $225,000 and an average rent of $1,200 per month. Additionally, utilities such as electricity and water are moderate and groceries are fairly priced. Overall, this area offers an attractive combination of affordability and quality of life that make it a great choice for those looking to live comfortably while still maintaining a budget-friendly lifestyle.