Housing costs in Springfield?
A typical home costs
$147,500, which is 56.4% less expensive than the national average of
$338,100 and 52.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Springfield costs
$810 per month, which is 34.7% cheaper than the national average of
$1,240 and 2.5% cheaper than the state average of
$830.
Can I afford Springfield?
To live comfortably in Springfield (zip 56087), Minnesota, a minimum annual income of
$28,440 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Springfield?
The cost of living in 56087 Springfield, MN is relatively affordable. The median home value is $162,400 and the median rent is $874 per month. This makes it a great option for families looking to save money on housing expenses. The overall cost of living in the area is about 8% lower than the national average, making it an attractive place to live for those looking for reasonable prices on food, clothing, health care, entertainment and other services. Additionally, the unemployment rate in 56087 Springfield is lower than the national average, which means that there are plenty of job opportunities available. Overall, 56087 Springfield provides its residents with an affordable cost of living with plenty of job opportunities and great recreational activities to enjoy.