Housing costs in Vermillion?
A typical home costs
$294,000, which is 13.0% less expensive than the national average of
$338,100 and 5.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Vermillion costs
$1,240 per month, which is 0.0% cheaper than the national average of
$1,240 and 12.9% cheaper than the state average of
$1,400.
Can I afford Vermillion?
To live comfortably in Vermillion (zip 55085), Minnesota, a minimum annual income of
$56,160 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Vermillion?
The cost of living in 55085 Vermillion, MN is relatively low compared to the national average. According to the Cost Of Living Index, it's 8% cheaper than the US average. The median home value in this area is $220,400 which is significantly lower than the national median of $231,200. Additionally, basic necessities such as groceries and healthcare costs are also much more affordable here compared to other parts of the country. The overall cost of living in this area allows residents to stretch their dollar further and enjoy a high quality of life without breaking their budget.