Housing costs in Minneapolis?
A typical home costs
$326,700, which is 3.4% less expensive than the national average of
$338,100 and 5.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minneapolis costs
$1,490 per month, which is 20.2% more than the national average of
$1,240 and 6.0% more than the state average of
$1,400.
Can I afford Minneapolis?
To live comfortably in Minneapolis (zip 55413), Minnesota, a minimum annual income of
$62,640 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Minneapolis?
The cost of living in 55413 Minneapolis, MN is fairly high compared to other parts of the country. The average cost of a home is around $245,000, with most rentals costing between $800 and $1,500 per month. Groceries and utilities are also more expensive than average, making it difficult for low-income families to keep up with the costs. Eating out can be pricey too; however Minneapolis does have many restaurants that offer discounts and specials throughout the week. Overall, the cost of living in 55413 Minneapolis, MN can be a bit on the high side but there are ways to save money such as taking advantage of discounts or using public transportation when possible.