Zip 56584 (Twin Valley, MN) Cost of Living


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United States / Minnesota / No Metro Area / Norman County / Twin Valley / Twin Valley (zip 56584)

Twin Valley cost of living score
70.4
Less expensive
29.6% lower
than the US average
27.6% lower
than the Minnesota average
Twin Valley (zip 56584), Minnesota gets a BestPlaces Cost of Living score of 70.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.6% lower than the U.S. average and 27.6% higher than the average for Minnesota.

Zip 56584 (Twin Valley, MN)

Housing costs in Twin Valley?
A typical home costs $133,400, which is 60.5% less expensive than the national average of $338,100 and 56.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Twin Valley costs $1,130 per month, which is 21.0% cheaper than the national average of $1,430 and 9.7% cheaper than the state average of $1,240.

Can I afford Twin Valley?
To live comfortably in Twin Valley (zip 56584), Minnesota, a minimum annual income of $25,560 for a family, and $34,400 for a single person is recommended.

What does A.I. say about Twin Valley?
The cost of living in 56584 Twin Valley, MN is surprisingly affordable. Housing prices are relatively low compared to other parts of the state, with a median home price of $147,200. The overall cost of living index for the area is 84 out of 100, making it 8 percent lower than the national average and 19 percent lower than the state average. Also, local tax rates are low when compared to other parts of Minnesota. This means that residents can enjoy a comfortable lifestyle without having to worry about high living expenses.
   Cost of living score
     CategoriesTwin ValleyMinnesotaUnited States
  70.497.2100.0
  92.897.2100
  81.578.3100.0
  30.2102.9100.0
  $133,400$309,500$338,100
  96.9%95.7%100.0%
  78.296.4100.0
  77.0117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime