Zip 56088 (Truman, MN) Cost of Living


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United States / Minnesota / No Metro Area / Martin County / Truman / Truman (zip 56088)
How much do I need to live in Truman, Minnesota?
$2,700 / month
for a family, 50.0% less expensive than the national average A total of $32,400 for the year for a family.
$2,333 / month
for a single person, 51.1% less expensive than the national average A total of $28,000 for the year for a single person.

Truman cost of living score
72.4
Less expensive
27.6% lower
than the US average
25.5% lower
than the Minnesota average
Truman (zip 56088), Minnesota gets a BestPlaces Cost of Living score of 72.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.6% lower than the U.S. average and 25.5% higher than the average for Minnesota.

Zip 56088 (Truman, MN)

Housing costs in Truman?
A typical home costs $168,900, which is 50.0% less expensive than the national average of $338,100 and 45.4% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Truman costs $930 per month, which is 35.0% cheaper than the national average of $1,430 and 33.3% cheaper than the state average of $1,240.

Can I afford Truman?
To live comfortably in Truman (zip 56088), Minnesota, a minimum annual income of $32,400 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Truman?
The cost of living in 56088 Truman, MN is quite affordable compared to other areas in the state. The median home value is approximately $106,800, and the median rent price for a one-bedroom apartment is around $603 per month. Compared to the state’s average cost of living index of 110.6, 56088 Truman comes in significantly lower at 97.6. This lower index suggests that living expenses are generally more affordable than other parts of Minnesota and it makes this area an attractive option for those looking for a place to live that offers relatively low prices on everyday items like groceries and gas.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTrumanMinnesotaUnited States
    Unlock97.2100.0
  94.0  Unlock100.0
    Unlock78.3100.0
  38.6  Unlock100.0
    Unlock$309,500$338,100
  97.4  Unlock100.0
    Unlock96.4100.0
  78.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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