Zip 56096 (Waterville, MN) Cost of Living


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How much do I need to live in Waterville, Minnesota?
$4,170 / month
for a family, 22.8% less expensive than the national average A total of $50,040 for the year for a family.
$2,367 / month
for a single person, 50.3% less expensive than the national average A total of $28,400 for the year for a single person.

Waterville cost of living score
94.4
Less expensive
5.6% lower
than the US average
2.9% lower
than the Minnesota average
Waterville (zip 56096), Minnesota gets a BestPlaces Cost of Living score of 94.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.6% lower than the U.S. average and 2.9% higher than the average for Minnesota.

Zip 56096 (Waterville, MN)

Housing costs in Waterville?
A typical home costs $261,300, which is 22.7% less expensive than the national average of $338,100 and 15.6% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Waterville costs $930 per month, which is 25.0% cheaper than the national average of $1,240 and 50.5% cheaper than the state average of $1,400.

Can I afford Waterville?
To live comfortably in Waterville (zip 56096), Minnesota, a minimum annual income of $50,040 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Waterville?
The cost of living in 56096 Waterville, MN is relatively low compared to other cities in the United States. According to data from The Council for Community and Economic Research, the cost of living index for Waterville is 82.8, which is much lower than the national average of 100. In addition, housing costs are also very affordable with a median home price of around $137,250 and a median rent of $752 per month. Furthermore, basic necessities like groceries are also reasonably priced, making Waterville an attractive choice for those looking for a financially secure place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWatervilleMinnesotaUnited States
    Unlock97.2100.0
  97.2  Unlock100.0
    Unlock78.3100.0
  74.6  Unlock100.0
    Unlock$309,500$338,100
  97.9  Unlock100.0
    Unlock96.4100.0
  87.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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