Cost of living in Cannon Falls
Cannon Falls, located in Minnesota, offers a unique blend of small-town charm and accessibility to larger urban areas. Understanding the cost of living in Cannon Falls is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14 on average, with a range between $12 and $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $55.5, with prices ranging from $50 to $110.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $10 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $6, imported beer $5.5 to $7, cappuccino $4.75 to $6, and Coke/Pepsi $1.25 to $3.
Grocery Prices
- Milk - Milk is priced between $0.45 and $1.22 per liter, averaging $0.91.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.08 and $4.41, with an average price of $3.
- Eggs (Dozen) - A dozen eggs range from $1.54 to $4.25, averaging $2.85.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.84 to $13.23 per kg, while oranges range from $2.76 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.46 and $3.68 per kg, and lettuce costs $1.79 to $2.17 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.75 and $0.91 per liter.
- Car Purchase (Toyota Corolla Sedan) - A Toyota Corolla Sedan 1.6l 97kW Comfort or equivalent new car costs between $26,000 and $33,000.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan averages 6.58%, ranging from 6.19% to 6.8%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $116 and $250, averaging $205.33.
- Internet - Internet services range from $55 to $130, with an average cost of $86.25.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Cannon Falls offers a relatively affordable cost of living compared to larger cities, with moderate prices in dining and groceries.
Housing costs are influenced by mortgage rates, which are currently averaging around 6.58%.
Transportation costs are manageable, especially for those who own a vehicle, given the reasonable gasoline prices.
Conclusion
In conclusion, Cannon Falls, MN, presents a balanced cost of living that can appeal to both families and individuals.
With affordable dining options, reasonable grocery prices, and manageable transportation costs, it is an attractive location for those seeking a quieter lifestyle without sacrificing access to essential amenities.