Zip 55354 (Lester Prairie, MN) Cost of Living


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How much do I need to live in Lester Prairie, Minnesota?
$4,560 / month
for a family, 15.6% less expensive than the national average A total of $54,720 for the year for a family.
$2,167 / month
for a single person, 54.5% less expensive than the national average A total of $26,000 for the year for a single person.

Lester Prairie cost of living score
84.3
Less expensive
15.7% lower
than the US average
13.3% lower
than the Minnesota average
Lester Prairie (zip 55354), Minnesota gets a BestPlaces Cost of Living score of 84.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.7% lower than the U.S. average and 13.3% higher than the average for Minnesota.

Zip 55354 (Lester Prairie, MN)

Housing costs in Lester Prairie?
A typical home costs $286,200, which is 15.4% less expensive than the national average of $338,100 and 7.5% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Lester Prairie costs $860 per month, which is 30.6% cheaper than the national average of $1,240 and close to the state average of $850.

Can I afford Lester Prairie?
To live comfortably in Lester Prairie (zip 55354), Minnesota, a minimum annual income of $54,720 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Lester Prairie?
The cost of living in 55354 Lester Prairie, MN is relatively low compared to other cities in the United States. The median household income is $62,467, which is significantly lower than the national average of $61,937. Property taxes in this city are also very reasonable, with an overall rate of 0.8487%. This means that residents can often find affordable housing options and recieve a good standard of living at a fraction of the cost found elsewhere. Additionally, various goods and services such as groceries and healthcare are also much more reasonably priced than in most areas. All in all, 55354 Lester Prairie, MN offers a great quality of life at an affordable price for all who choose to call it home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLester PrairieMinnesotaUnited States
    Unlock97.2100.0
  97.6  Unlock100.0
    Unlock78.3100.0
  79.4  Unlock100.0
    Unlock$309,500$338,100
  99.0  Unlock100.0
    Unlock96.4100.0
  102.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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