Zip 56160 (Odin, MN) Cost of Living


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United States / Minnesota / No Metro Area / Watonwan County / Odin / Odin (zip 56160)

Odin cost of living score
70.9
Less expensive
29.1% lower
than the US average
27.1% lower
than the Minnesota average
Odin (zip 56160), Minnesota gets a BestPlaces Cost of Living score of 70.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.1% lower than the U.S. average and 27.1% higher than the average for Minnesota.

Zip 56160 (Odin, MN)

Housing costs in Odin?
A typical home costs $162,300, which is 52.0% less expensive than the national average of $338,100 and 47.6% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Odin costs $840 per month, which is 41.3% cheaper than the national average of $1,430 and 47.6% cheaper than the state average of $1,240.

Can I afford Odin?
To live comfortably in Odin (zip 56160), Minnesota, a minimum annual income of $30,960 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Odin?
The cost of living in 56160 Odin, MN is quite reasonable. Though housing costs are slightly higher than the US average, groceries and utilities are well below the national average and transportation costs are only marginally higher. In addition, there is no state income tax in Minnesota, which makes it an attractive location for those seeking to save money on their expenses. Overall, 56160 Odin provides an affordable and comfortable living experience for its residents.
   Cost of living score
     CategoriesOdinMinnesotaUnited States
  70.997.2100.0
  92.897.2100
  86.678.3100.0
  28.6102.9100.0
  $162,300$309,500$338,100
  97.1%95.7%100.0%
  67.696.4100.0
  75.4117.4100.0

   100=National Average

   Average Rent by Bedroom Size
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