Cost of Living in Savage, MN
Housing
The housing market plays a significant role in determining the cost of living in Savage, MN.
- Housing Index: Data is updating
- Median Home Price is: $415,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Savage, MN, the current housing market presents a median home price of 415000, suggesting potential for investment in property ownership. However, with a housing index of 0.0, it appears that both the rental market and inventory could be lackluster, as indicated by the zero average rents for both 2-bedroom apartments and houses. This might indicate a shortage of rental options, making home purchase more appealing for stability. It's crucial to consider neighborhood amenities and job growth trends in Savage when making your relocation decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Savage, 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.): Data is updating
Living in Savage, 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 data unavailable 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 Savage is a financially viable option for your relocation.