Zip 56475 (Randall, MN) Cost of Living


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United States / Minnesota / No Metro Area / Morrison County / Randall / Randall (zip 56475)
How much do I need to live in Randall, Minnesota?
$3,540 / month
for a family, 34.4% less expensive than the national average A total of $42,480 for the year for a family.
$2,167 / month
for a single person, 54.5% less expensive than the national average A total of $26,000 for the year for a single person.

Randall cost of living score
83.8
Less expensive
16.2% lower
than the US average
13.8% lower
than the Minnesota average
Randall (zip 56475), Minnesota gets a BestPlaces Cost of Living score of 83.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.2% lower than the U.S. average and 13.8% higher than the average for Minnesota.

Zip 56475 (Randall, MN)

Housing costs in Randall?
A typical home costs $221,200, which is 34.6% less expensive than the national average of $338,100 and 28.5% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Randall costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 45.9% cheaper than the state average of $1,240.

Can I afford Randall?
To live comfortably in Randall (zip 56475), Minnesota, a minimum annual income of $42,480 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Randall?
The cost of living in 56475 Randall, MN is very affordable. The median home value is around $146,000, which is well below the national average, and the median household income is $57,341 per year. There are also plenty of options for affordable rental units in the area. Groceries and other basics are very reasonably priced as well. All in all, 56475 Randall is an excellent place to call home due to its low cost of living.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRandallMinnesotaUnited States
    Unlock97.2100.0
  96.8  Unlock100.0
    Unlock78.3100.0
  58.1  Unlock100.0
    Unlock$309,500$338,100
  90.8  Unlock100.0
    Unlock96.4100.0
  78.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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