Housing costs in St. Michael?
A typical home costs
$388,200, which is 14.8% more expensive than the national average of
$338,100 and 25.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in St. Michael costs
$1,400 per month, which is 12.9% more than the national average of
$1,240 and close to the state average of
$1,400.
Can I afford St. Michael?
To live comfortably in St. Michael (zip 55376), Minnesota, a minimum annual income of
$74,520 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about St. Michael?
The cost of living in St. Michael, MN (55376) is quite affordable overall. The median household income was $70,523 in 2017, which is slightly above the U.S. median of $59,039. Housing costs are quite reasonable with a median home value of around $192,400 and rental prices averaging at just $1,250 per month. The overall cost of living index in St. Michael is 96.9 compared to the national average of 100 – indicating that it is slightly more affordable than other parts of the country. Residents also enjoy low taxes as well as an abundance of amenities including restaurants, shopping centers and recreational activities at nearby lakes and parks.