Zip 56294 (Wanda, MN) Cost of Living


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United States / Minnesota / No Metro Area / Redwood County / Wanda / Wanda (zip 56294)

Wanda cost of living score
69.3
Less expensive
30.7% lower
than the US average
28.7% lower
than the Minnesota average
Wanda (zip 56294), Minnesota gets a BestPlaces Cost of Living score of 69.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.7% lower than the U.S. average and 28.7% higher than the average for Minnesota.

Zip 56294 (Wanda, MN)

Housing costs in Wanda?
A typical home costs $155,600, which is 54.0% less expensive than the national average of $338,100 and 49.7% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Wanda costs $810 per month, which is 43.4% cheaper than the national average of $1,430 and 53.1% cheaper than the state average of $1,240.

Can I afford Wanda?
To live comfortably in Wanda (zip 56294), Minnesota, a minimum annual income of $29,880 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Wanda?
The cost of living in 56294 Wanda, MN is quite affordable. The median home price is approximately $133,100, which is significantly lower than the national median. Additionally, the average rent for a two-bedroom apartment is approximately $620 per month. The overall cost of living in 56294 Wanda, MN is very favorable compared to other cities in the area and can be an attractive option for those looking to live in a smaller community with a close-knit atmosphere.
   Cost of living score
     CategoriesWandaMinnesotaUnited States
  69.397.2100.0
  91.697.2100
  82.978.3100.0
  21.5102.9100.0
  $155,600$309,500$338,100
  98.2%95.7%100.0%
  66.996.4100.0
  80.1117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime