Housing costs in Mayer?
A typical home costs
$351,000, which is 3.8% more expensive than the national average of
$338,100 and 13.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mayer costs
$1,460 per month, which is 17.7% more than the national average of
$1,240 and 4.1% more than the state average of
$1,400.
Can I afford Mayer?
To live comfortably in Mayer (zip 55360), Minnesota, a minimum annual income of
$67,320 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Mayer?
The cost of living in Mayer, MN (55360) is slightly higher than the national average. The overall index is 105.4, which means it is 5.4% higher than the U.S. average cost of living. Housing costs are the biggest contributor to this increase, accounting for an index rating of 121.0, or 21% higher than the U.S. average. Grocery and other goods and services also have a slightly higher index rating of 101.2 and 103.5 respectively in comparison to the U.S averages of 100 for both items on the cost of living index list. Utility costs, such as electricity, gas, water/sewer, etc., are about equal between Mayer and national averages with ratings of 97 and 98 respectively on the index list.