Housing costs in Lansing?
A typical home costs
$130,200, which is 61.5% less expensive than the national average of
$338,100 and 57.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lansing costs
$990 per month, which is 20.2% cheaper than the national average of
$1,240 and 2.0% more than the state average of
$970.
Can I afford Lansing?
To live comfortably in Lansing (zip 55950), Minnesota, a minimum annual income of
$24,840 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lansing?
The cost of living in 55950 Lansing, MN is quite reasonable. The overall cost of living index in the area sits at 86.1 which is 14.9% lower than the national average. Housing prices are particularly affordable, with an index score of 64.7, making it one of the more budget-friendly places to live in Minnesota. Other essential costs such as groceries and utilities are also below the national average with respective index scores of 96 and 95.2. All these factors combined make 55950 Lansing a great place for those looking for an economical place to call home.