Housing costs in Shoreview?
A typical home costs
$367,100, which is 8.6% more expensive than the national average of
$338,100 and 18.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shoreview costs
$1,550 per month, which is 25.0% more than the national average of
$1,240 and 9.7% more than the state average of
$1,400.
Can I afford Shoreview?
To live comfortably in Shoreview (zip 55126), Minnesota, a minimum annual income of
$70,200 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Shoreview?
The cost of living in 55126 Shoreview, MN is considerably higher than the national average. The median home value is $287,300, with housing costs making up nearly 41% of the average household budget. The cost of food and groceries is also higher than the national average, making it a great option for those looking for an affordable place to live. Additionally, taxes are slightly above the national average as well with an income tax rate of 6.90%. However, Shoreview residents benefit from low transportation costs due to its close proximity to Minneapolis and St. Paul. In addition, healthcare costs are lower than the state and national averages, offering quality care at reasonable prices. Overall, Shoreview provides a good balance between affordability and quality of life.