Zip 56062 (Madelia, MN) Cost of Living


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United States / Minnesota / No Metro Area / Watonwan County / Madelia / Madelia (zip 56062)
How much do I need to live in Madelia, Minnesota?
$3,180 / month
for a family, 41.1% less expensive than the national average A total of $38,160 for the year for a family.
$2,667 / month
for a single person, 44.1% less expensive than the national average A total of $32,000 for the year for a single person.

Madelia cost of living score
70.9
Less expensive
29.1% lower
than the US average
27.1% lower
than the Minnesota average
Madelia (zip 56062), Minnesota gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 27.1% higher than the average for Minnesota.

Zip 56062 (Madelia, MN)

Housing costs in Madelia?
A typical home costs $199,900, which is 40.9% less expensive than the national average of $338,100 and 35.4% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Madelia costs $900 per month, which is 37.1% cheaper than the national average of $1,430 and 37.8% cheaper than the state average of $1,240.

Can I afford Madelia?
To live comfortably in Madelia (zip 56062), Minnesota, a minimum annual income of $38,160 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Madelia?
The cost of living in 56062 Madelia, MN is relatively low compared to other parts of the country. The average home price in the area is around $77,000, making it an affordable place to live for most people. In addition to being affordable, the city offers a variety of recreational activities such as fishing, camping, hunting and hiking. There are also great restaurants and amenities nearby for residents to enjoy. With its low cost of living and variety of activities available, 56062 Madelia, MN can be an ideal place to live for those looking for a more peaceful lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMadeliaMinnesotaUnited States
    Unlock97.2100.0
  96.4  Unlock100.0
    Unlock78.3100.0
  48.4  Unlock100.0
    Unlock$309,500$338,100
  97.4  Unlock100.0
    Unlock96.4100.0
  75.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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