Zip 55763 (Makinen, MN) Cost of Living


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Makinen cost of living score
84.7
Less expensive
15.3% lower
than the US average
12.9% lower
than the Minnesota average
Makinen (zip 55763), Minnesota gets a BestPlaces Cost of Living score of 84.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.3% lower than the U.S. average and 12.9% higher than the average for Minnesota.

Zip 55763 (Makinen, MN)

Housing costs in Makinen?
A typical home costs $180,700, which is 46.6% less expensive than the national average of $338,100 and 41.6% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Makinen costs $960 per month, which is 32.9% cheaper than the national average of $1,430 and 29.2% cheaper than the state average of $1,240.

Can I afford Makinen?
To live comfortably in Makinen (zip 55763), Minnesota, a minimum annual income of $34,560 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Makinen?
The cost of living in 55763 Makinen, MN is relatively low compared to the national average. The median home value is just over $110,000, which is far below the national average of over $200,000. In addition, the cost of basic necessities such as food and transportation are also quite affordable with the average cost of groceries being approximately 10% less than the national average and an index score for transportation costs that is about 8% lower than the national average. Furthermore, utility costs such as electricity and water are also very reasonable in 55763 Makinen, MN with an index score that is just over 6% lower than the national average. Thus, living in this small town can be both comfortable and affordable.
   Cost of living score
     CategoriesMakinenMinnesotaUnited States
  84.797.2100.0
  93.697.2100
  86.378.3100.0
  60.2102.9100.0
  $180,700$309,500$338,100
  91.0%95.7%100.0%
  86.696.4100.0
  102.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime