Housing costs in Mahtomedi?
A typical home costs
$460,100, which is 36.1% more expensive than the national average of
$338,100 and 48.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mahtomedi costs
$1,670 per month, which is 34.7% more than the national average of
$1,240 and 16.2% more than the state average of
$1,400.
Can I afford Mahtomedi?
To live comfortably in Mahtomedi (zip 55115), Minnesota, a minimum annual income of
$88,200 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Mahtomedi?
55115 Mahtomedi, MN is known for being a wealthy suburb of the Twin Cities area. The cost of living in this area is higher than the national average; however, it is still relatively affordable for most people. The median home price in 55115 Mahtomedi is around $350,000. This is significantly higher than the national median home price of $277,000. Groceries tend to be more expensive here too; however, overall the cost of living in this area remains manageable when compared to similar suburbs in the region.