Zip 56295 (Watson, MN) Cost of Living


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United States / Minnesota / No Metro Area / Chippewa County / Watson / Watson (zip 56295)
How much do I need to live in Watson, Minnesota?
$1,590 / month
for a family, 70.6% less expensive than the national average A total of $19,080 for the year for a family.
$2,100 / month
for a single person, 55.9% less expensive than the national average A total of $25,200 for the year for a single person.

Watson cost of living score
69.6
Less expensive
30.4% lower
than the US average
28.4% lower
than the Minnesota average
Watson (zip 56295), Minnesota gets a BestPlaces Cost of Living score of 69.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.4% lower than the U.S. average and 28.4% higher than the average for Minnesota.

Zip 56295 (Watson, MN)

Housing costs in Watson?
A typical home costs $99,200, which is 70.7% less expensive than the national average of $338,100 and 67.9% less expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Watson costs $740 per month, which is 48.3% cheaper than the national average of $1,430 and 67.6% cheaper than the state average of $1,240.

Can I afford Watson?
To live comfortably in Watson (zip 56295), Minnesota, a minimum annual income of $19,080 for a family, and $25,200 for a single person is recommended.

What does A.I. say about Watson?
The cost of living in 56295 Watson, MN is relatively low compared to the average across the United States. According to BestPlaces, the cost of living index for this zip code is 77.3, which is lower than the U.S. average of 100. This means that basic goods and services such as groceries, transportation, and healthcare are more affordable here than in other parts of the country. Additionally, housing costs in 56295 Watson, MN are also quite low at an index of 57.1, making it a great option for individuals and families looking for an affordable place to live without sacrificing quality.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWatsonMinnesotaUnited States
    Unlock97.2100.0
  91.1  Unlock100.0
    Unlock78.3100.0
  23.9  Unlock100.0
    Unlock$309,500$338,100
  96.0  Unlock100.0
    Unlock96.4100.0
  76.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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