Zip 56678 (Solway, MN) Cost of Living


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How much do I need to live in Solway, Minnesota?
$3,210 / month
for a family, 40.6% less expensive than the national average A total of $38,520 for the year for a family.
$2,700 / month
for a single person, 43.4% less expensive than the national average A total of $32,400 for the year for a single person.

Solway cost of living score
78.7
Less expensive
21.3% lower
than the US average
19.0% lower
than the Minnesota average
Solway (zip 56678), Minnesota gets a BestPlaces Cost of Living score of 78.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.3% lower than the U.S. average and 19.0% higher than the average for Minnesota.

Zip 56678 (Solway, MN)

Housing costs in Solway?
A typical home costs $201,400, which is 40.4% less expensive than the national average of $338,100 and 34.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Solway costs $1,060 per month, which is 25.9% cheaper than the national average of $1,430 and 17.0% cheaper than the state average of $1,240.

Can I afford Solway?
To live comfortably in Solway (zip 56678), Minnesota, a minimum annual income of $38,520 for a family, and $32,400 for a single person is recommended.

What does A.I. say about Solway?
The cost of living in 56678 Solway, MN is quite affordable. The median home value is around $127,900, which is below the national average. Renters will appreciate the low median rent of just $639 per month. Utilities, such as electricity and water, are also quite affordable in this small town. Groceries and other necessities are also reasonably priced. In addition to being affordable, 56678 Solway is a great place to live with an abundance of outdoor activities like fishing and hiking in nearby parks and trails.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSolwayMinnesotaUnited States
    Unlock97.2100.0
  95.9  Unlock100.0
    Unlock78.3100.0
  55.7  Unlock100.0
    Unlock$309,500$338,100
  93.2  Unlock100.0
    Unlock96.4100.0
  97.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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