Cost of Living in Rosemount, MN
Housing
The housing market plays a significant role in determining the cost of living in Rosemount, MN.
- Housing Index: 110.0 / 100
- Median Home Price is: $357000
- Average Rent (2 BR Apartment): $1900 per month
- Average Rent (2 BR House): $2000 per month
Considering a move to Rosemount, MN? The housing index stands at 110.0, indicating a costlier market compared to the national average. With a median home price of 357000, prospective buyers must weigh their options carefully. Renting could also be an option; the average rent for a 2-bedroom apartment is 1900, while a house averages 2000. It's essential to consider your long-term plans since rising home values may align investing in real estate here with future gains. Lastly, keep in mind additional factors like job opportunities and local amenities that can impact your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rosemount, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Rosemount, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Rosemount is a financially viable option for your relocation.