Housing costs in Melrose?
A typical home costs
$257,600, which is 23.8% less expensive than the national average of
$338,100 and 16.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Melrose costs
$980 per month, which is 21.0% cheaper than the national average of
$1,240 and close to the state average of
$970.
Can I afford Melrose?
To live comfortably in Melrose (zip 56352), Minnesota, a minimum annual income of
$49,320 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in 56352 Melrose, MN is relatively low compared to the national average. Housing costs are particularly attractive, with the median home price coming in at just over $100,000. In addition, the cost of day-to-day items such as groceries and utilities are also below average. The overall cost of living index for Melrose is 84.7, significantly lower than the US average of 100. This makes Melrose an excellent destination for those looking to save money while still enjoying all that Minnesota has to offer.