Zip 56742 (Oklee, MN) Cost of Living


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United States / Minnesota / No Metro Area / Red Lake County / Oklee / Oklee (zip 56742)
How much do I need to live in Oklee, Minnesota?
$2,070 / month
for a family, 61.7% less expensive than the national average A total of $24,840 for the year for a family.
$2,133 / month
for a single person, 55.3% less expensive than the national average A total of $25,600 for the year for a single person.

Oklee cost of living score
72.4
Less expensive
27.6% lower
than the US average
25.5% lower
than the Minnesota average
Oklee (zip 56742), Minnesota gets a BestPlaces Cost of Living score of 72.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.6% lower than the U.S. average and 25.5% higher than the average for Minnesota.

Zip 56742 (Oklee, MN)

Housing costs in Oklee?
A typical home costs $129,500, which is 61.7% less expensive than the national average of $338,100 and 58.2% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Oklee 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 Oklee?
To live comfortably in Oklee (zip 56742), Minnesota, a minimum annual income of $24,840 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Oklee?
The cost of living in 56742 Oklee, MN is lower than the national average. The median home price in this area is $77,818 compared to a national median of $184,700. Additionally, the consumer price index is 8% lower than the national average and the cost of groceries is 6% lower. Utility costs are also considerably lower here than in most cities. Renters may find attractive deals and low rental prices throughout the area as well. All of these factors make 56742 Oklee an attractive destination for those looking for a place to live that won't break their budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesOkleeMinnesotaUnited States
    Unlock97.2100.0
  93.0  Unlock100.0
    Unlock78.3100.0
  31.0  Unlock100.0
    Unlock$309,500$338,100
  92.4  Unlock100.0
    Unlock96.4100.0
  73.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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