Housing costs in Coleraine?
A typical home costs
$186,000, which is 45.0% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Coleraine 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 Coleraine?
To live comfortably in Coleraine, Minnesota, a minimum annual income of
$35,640 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Coleraine?
Coleraine, MN is a great place to live for those looking for a place with a low cost of living. The median home value in Coleraine is $94,500 and the median gross rent is only $722 per month. Utilities are also relatively affordable compared to other small towns in Minnesota. This makes it a great option for people who are budget-conscious but still want to enjoy the amenities of small town life. Additionally, with an unemployment rate of just 3%, there are plenty of job opportunities available in the area. Overall, Coleraine is an excellent choice for anyone looking for a low cost of living and plenty of job opportunities.