Housing costs in St. Louis Park?
A typical home costs
$389,800, which is 15.3% more expensive than the national average of
$338,100 and 25.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in St. Louis Park costs
$1,830 per month, which is 47.6% more than the national average of
$1,240 and 23.5% more than the state average of
$1,400.
Can I afford St. Louis Park?
To live comfortably in St. Louis Park (zip 55416), Minnesota, a minimum annual income of
$74,520 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about St. Louis Park?
The cost of living in 55416 St. Louis Park, MN is relatively affordable compared to other cities nationwide. According to BestPlaces, the cost of living index for St. Louis Park is 92.9, which is 8% lower than the national average. The median home value in St. Louis Park is $269,000, which is much lower than many other parts of the country. In addition, groceries and health care are also more affordable than the national average. Overall, the cost of living in 55416 St. Louis Park, MN makes it a great place to live and work for those looking for an affordable city to call home while still offering plenty of amenities and opportunities for growth.