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Cost of Living in ZIP 55607

Is it better to rent or buy in ZIP 55607? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$83,917
$769/mo

Median in area: $769

$322,925

Median in area: $322,925

$64,585

If you Rent

$1,088 /mo
Base Rent$769
Est. Utilities$319
% of Income15.6%
Pre-tax Residual$5,905

If you Buy

$2,251 /mo
P&I (6.965%)$1,713
Taxes & Ins$219
Est. Utilities$319
% of Income32.2%
Pre-tax Residual$4,742

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 55607?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 55607. The estimated all-in monthly cost for renting is $1,088, while owning a median-priced home with a 20% down payment is roughly $2,251 per month (a difference of $1,163).

How much do utilities cost in ZIP 55607?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 55607 is approximately $319. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 55607?›

To comfortably afford the median rent and utilities in ZIP 55607 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $43,520 per year.