Housing costs in Northfield?
A typical home costs
$324,800, which is 3.9% less expensive than the national average of
$338,100 and 4.9% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Northfield costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 4.2% cheaper than the state average of
$1,240.
Can I afford Northfield?
To live comfortably in Northfield, Minnesota, a minimum annual income of
$62,280 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Northfield?
Northfield, MN is an affordable place to live with a cost of living that is well below the national average. Housing costs are especially low compared to the rest of the state and the US as a whole. The median home value in Northfield, MN is around $196,000 which is much lower than the median home value for Minnesota ($228,300) and the US ($218,700). Additionally, transportation costs are low due to proximity to Minneapolis. Grocery prices and other basics are also very reasonable for those living in Northfield. All in all, Northfield, MN offers a very livable cost of living for its residents.