Housing costs in Danvers?
A typical home costs
$297,300, which is 12.1% less expensive than the national average of
$338,100 and 3.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Danvers costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 26.5% cheaper than the state average of
$1,240.
Can I afford Danvers?
To live comfortably in Danvers, Minnesota, a minimum annual income of
$56,880 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Danvers?
The cost of living in Danvers, MN is relatively low. According to the most recent studies, the median household income in Danvers is around $62,000 per year and the median home value is just under $180,000. This makes it a great place to live for those looking for an affordable cost of living without sacrificing quality of life. In addition to its low cost of living, Danvers also boasts a variety of amenities such as parks, shopping centers, and restaurants. Furthermore, the city has a very reasonable tax rate which helps keep the cost of living even lower. All in all, Danvers is an ideal place to live for those looking for a balance between affordability and comfort.