Housing costs in Grand Rapids?
A typical home costs
$216,000, which is 36.1% less expensive than the national average of
$338,100 and 30.2% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Grand Rapids costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 26.5% cheaper than the state average of
$1,240.
Can I afford Grand Rapids?
To live comfortably in Grand Rapids, Minnesota, a minimum annual income of
$41,400 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Grand Rapids?
Grand Rapids, MN has an affordable cost of living compared to U.S. averages. The overall cost of living index is slightly below the national average, with groceries, housing and utilities being more inexpensive than other parts of the country. Grocery prices are around 11% lower than the national average, while housing costs are 9% lower than the national average. Additionally, transportation costs such as gas and public transit are both 3% below the national average. With a variety of job opportunities available in Grand Rapids, it is easy to find affordable living while still enjoying all that this small city has to offer.