Housing costs in Winthrop?
A typical home costs
$186,200, which is 44.9% less expensive than the national average of
$338,100 and 39.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Winthrop costs
$860 per month, which is 30.6% cheaper than the national average of
$1,240 and 62.8% cheaper than the state average of
$1,400.
Can I afford Winthrop?
To live comfortably in Winthrop (zip 55396), Minnesota, a minimum annual income of
$35,640 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Winthrop?
The cost of living in Winthrop, MN (zip code 55396) is quite reasonable. The latest figures indicate that the overall cost of living index in Winthrop is 79.6, which is nearly 20% lower than the national average. Food costs are very affordable with groceries being 13% lower and dining out costing an average of 11% below the national figure. Utilities are also a great value with electricity and gas prices averaging 16% and 8% respectively below the norm. Housing costs are slightly higher than the national average with an overall index rating of 101, but this can vary depending on location. Overall, Winthrop offers residents a comfortable standard of living at a fraction of the cost compared to many other cities across the country.