Housing costs in Nicollet?
A typical home costs
$270,600, which is 20.0% less expensive than the national average of
$338,100 and 12.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Nicollet costs
$910 per month, which is 26.6% cheaper than the national average of
$1,240 and 16.5% cheaper than the state average of
$1,060.
Can I afford Nicollet?
To live comfortably in Nicollet (zip 56074), Minnesota, a minimum annual income of
$51,840 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Nicollet?
56074 Nicollet, MN is a small city located in the south-central region of Minnesota. The cost of living in this area is quite reasonable compared to other places in the state. The median home value in Nicollet is around $139,500 and the median household income is estimated to be around $59,449. This allows for a comfortable lifestyle without having to break the bank. On average, taxes in 56074 are slightly higher than they are statewide due to some local taxes, but groceries and housing costs remain relatively low compared to other cities across the state. Additionally, utilities such as electricity and water tend to be cheaper than what you'd find in larger cities. All-in-all, living in Nicollet can provide significant savings over more expensive areas of Minnesota while still allowing residents a comfortable lifestyle with all necessary amenities available nearby.