Housing costs in Minneapolis?
A typical home costs
$316,700, which is 6.3% less expensive than the national average of
$338,100 and 2.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minneapolis costs
$1,340 per month, which is 8.1% more than the national average of
$1,240 and 4.5% cheaper than the state average of
$1,400.
Can I afford Minneapolis?
To live comfortably in Minneapolis (zip 55409), Minnesota, a minimum annual income of
$60,840 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Minneapolis?
The cost of living in Minneapolis, MN is on the higher end compared to the national average. The median listing price for a home in 55409 is around $537,000 which is significantly above the national average of $285,700. Additionally, rental prices in Minneapolis are also a bit higher with an estimated median rent of around $1,660 per month. Despite this, Minneapolis offers many amenities and activities and has a vibrant culture; making it an attractive place to live for many people.