Housing costs in Spring Valley?
A typical home costs
$215,400, which is 36.3% less expensive than the national average of
$338,100 and 30.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Spring Valley costs
$970 per month, which is 21.8% cheaper than the national average of
$1,240 and 18.6% cheaper than the state average of
$1,150.
Can I afford Spring Valley?
To live comfortably in Spring Valley (zip 55975), Minnesota, a minimum annual income of
$41,400 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Spring Valley?
The cost of living in 55975 Spring Valley, MN is fairly low compared to other areas in the state. The median home value is $126,500, making it one of the most affordable places to live in all of Minnesota. Additionally, rent prices are also relatively low at an estimated median of around $800 per month for a two-bedroom apartment. Groceries are reasonably priced as well, with the average food basket costing roughly $110 each week. Utility costs tend to be higher than elsewhere due to the colder climate; however, overall costs are still manageable. All these factors make 55975 Spring Valley a great option for those looking for an affordable place to live in Minnesota.