Housing costs in Champlin?
A typical home costs
$348,300, which is 3.0% more expensive than the national average of
$338,100 and 12.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Champlin costs
$1,560 per month, which is 25.8% more than the national average of
$1,240 and 10.3% more than the state average of
$1,400.
Can I afford Champlin?
To live comfortably in Champlin (zip 55316), Minnesota, a minimum annual income of
$66,600 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Champlin?
Champlin, MN 55316 is known for being a relatively affordable city to live in. The cost of living index in Champlin is estimated to be 94.2, which is significantly lower than the national average of 100. This low cost of living is mainly due to the fact that housing costs are below average and the local wages are slightly higher than the national average. Additionally, goods and services are priced fairly and groceries are reasonably priced compared to other cities in the region. Although taxes are slightly higher than other areas, they do not greatly affect the overall cost of living in Champlin making it an attractive option for people looking for an affordable place to live.