Housing costs in St. Paul?
A typical home costs
$222,600, which is 34.2% less expensive than the national average of
$338,100 and 28.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in St. Paul costs
$1,950 per month, which is 57.3% more than the national average of
$1,240 and 28.2% more than the state average of
$1,400.
Can I afford St. Paul?
To live comfortably in St. Paul (zip 55101), Minnesota, a minimum annual income of
$42,480 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about St. Paul?
The cost of living in 55101 St. Paul, MN is quite reasonable and affordable compared to other parts of the United States. According to the most recent data from Best Places, the cost of living index for 55101 is 101.4, which is slightly lower than the national average of 100. This means that housing prices are slightly below average for this area and goods and services are similarly priced. Additionally, utility costs are quite low due to Minnesota's cold winters providing natural insulation to buildings, making them less expensive to heat. All in all, 55101 St. Paul provides an affordable living arrangement for those looking for a great place to call home at a reasonable price.