Housing costs in Mayo Clinic?
A typical home costs
$330,200, which is 2.3% less expensive than the national average of
$338,100 and 6.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Mayo Clinic costs
$1,250 per month, which is 0.8% more than the national average of
$1,240 and 8.0% more than the state average of
$1,150.
Can I afford Mayo Clinic?
To live comfortably in Mayo Clinic (zip 55905), Minnesota, a minimum annual income of
$63,360 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Mayo Clinic?
The cost of living in 55905 Mayo Clinic, MN is relatively high compared to the national average. The prices for goods and services can vary greatly depending on the type of business, but generally they are higher than other parts of the country. Rent in this area is also higher, although there are many housing options available to suit different budgets. Eating out can also be pricey due to the higher cost of ingredients and wages. Additionally, utilities such as electricity, water, and internet are also more expensive than in other cities. Despite these factors, many people still choose to live in this area due to its proximity to hospitals and medical centers as well as its close-knit community feel.