Zip 55368 (Norwood Young America, MN) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Norwood Young America, Minnesota?
$5,070 / month
for a family, 6.1% less expensive than the national average A total of $60,840 for the year for a family.
$3,367 / month
for a single person, 29.4% less expensive than the national average A total of $40,400 for the year for a single person.

Norwood Young America cost of living score
112.9
More expensive
12.9% higher
than the US average
16.2% higher
than the Minnesota average
Norwood Young America (zip 55368), Minnesota gets a BestPlaces Cost of Living score of 112.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.9% higher than the U.S. average and 16.2% higher than the average for Minnesota.

Zip 55368 (Norwood Young America, MN)

Housing costs in Norwood Young America?
A typical home costs $318,300, which is 5.9% less expensive than the national average of $338,100 and 2.8% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Norwood Young America costs $1,240 per month, which is 0.0% cheaper than the national average of $1,240 and 12.9% cheaper than the state average of $1,400.

Can I afford Norwood Young America?
To live comfortably in Norwood Young America (zip 55368), Minnesota, a minimum annual income of $60,840 for a family, and $40,400 for a single person is recommended.

What does A.I. say about Norwood Young America?
The cost of living in 55368 Norwood Young America, MN is relatively low compared to other parts of the state and country. The median home value in this area is around $179,800, which is well below the national average. Additionally, the cost of groceries such as food, clothing and gas are also lower than many other parts of the US. Overall, living in this area can be fairly affordable for individuals and families alike.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNorwood Young AmericaMinnesotaUnited States
    Unlock97.2100.0
  99.0  Unlock100.0
    Unlock78.3100.0
  92.9  Unlock100.0
    Unlock$309,500$338,100
  99.3  Unlock100.0
    Unlock96.4100.0
  136.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.