Housing costs in Minneapolis?
A typical home costs
$508,600, which is 50.4% more expensive than the national average of
$338,100 and 64.3% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minneapolis costs
$1,550 per month, which is 25.0% more than the national average of
$1,240 and 9.7% more than the state average of
$1,400.
Can I afford Minneapolis?
To live comfortably in Minneapolis (zip 55410), Minnesota, a minimum annual income of
$97,560 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Minneapolis?
Living in Minneapolis, MN 55410 is surprisingly affordable. The cost of living index for the area is 108.7, which is 8.7% higher than the national average but still well within a reasonable range. Rent in the 55410 zip code averages $1,250 for a two-bedroom apartment and groceries and utilities are also very reasonable when compared to the rest of the country. Overall, 55410 Minneapolis offers an excellent quality of life at a very competitive price point.