Housing costs in Austin?
A typical home costs
$155,000, which is 54.2% less expensive than the national average of
$338,100 and 49.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Austin costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$1,240.
Can I afford Austin?
To live comfortably in Austin, Minnesota, a minimum annual income of
$29,520 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in Austin, MN is relatively low compared to the national average. According to data from Sperling's Best Places, the overall cost of living index in Austin is 87.6, which is 13.4 points lower than the U.S. average of 101.0. This makes Austin an affordable place to live for people with varying incomes and budgets. Additionally, the median home price in Austin is $103,700, which is much lower than the national median home price of $218,000 and provides further evidence that housing costs are more manageable here than in other parts of the country.